Weekly Investment Update

US stocks, as measured by the S&P 500 index, declined approximately 1% last week as hospitalizations and deaths in the US from the COVID-19 pandemic reached daily records (Chart 1).  Despite these grim milestones, US equities continue to trade near all-time highs as investors anticipate an end to the pandemic in the coming months as vaccines are broadly distributed across the nation and the world.  Although the latest round of fiscal stimulus stalling over the past few months, the coordinated global response from governments and central banks has been unprecedented and mitigated much of the economic impact of the pandemic.  Forward looking economic indicators have now been rising for several months, and are expected to continue (Chart 2 from the Conference Board).

 

Key Economic Releases This Week

Asset Class Returns

Prices & Interest Rates

Past performance may not be representative of future results.  All investments are subject to loss.  Forecasts regarding the market or economy are subject to a wide range of possible outcomes.  The views presented in this market update may prove to be inaccurate for a variety of factors.  These views are as of the date listed above and are subject to change based on changes in fundamental economic or market-related data.  Please contact your Financial Advisor in order to complete an updated risk assessment to ensure that your investment allocation is appropriate.   

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