Published Friday, May 21, 2021 at: 6:26 PM EDT
The U.S. Index of Leading Economic Indicators hit an all-time high and housing starts weakened but were still at a 15-year high. Amid the booming April data released this past week, the big news for investors was in the release of the minutes from the Federal Reserve’s monetary policy meeting on April 27 and 28, revealing that some members of the Federal Open Market Committee (FOMC) want to begin talking about cooling down the fast growth of the economy.
On page 10 of the 11-pages of minutes published by the Fed three weeks after every FOMC’s meeting, the Fed gently signaled to investors that it was thinking about starting to talk about a plan to taper purchases of bonds, a liquidity measure likely to precede a hike in the Fed’s lending rate to banks. While tapering is likely not to begin until 2022, the Fed is sending an early warning signal to investors.
The Standard & Poor’s 500 stock index closed Friday at 4,155.86, about 2.5% from its all-time high. The index lost -0.08% from Thursday and -0.43% from last week. The index is up +60.01% from the March 23rd bear market low.
It was the second week in a row that the S&P 500 declined amid nervousness about inflation and Fed policy.
Nothing contained herein is to be considered a solicitation, research material, an investment recommendation, or advice of any kind, and it is subject to change without notice. Any investments or strategies referenced herein do not take into account the investment objectives, financial situation or particular needs of any specific person. Product suitability must be independently determined for each individual investor. Tax advice always depends on your particular personal situation and preferences. You should consult the appropriate financial professional regarding your specific circumstances. The material represents an assessment of financial, economic and tax law at a specific point in time and is not intended to be a forecast of future events or a guarantee of future results. Forward-looking statements are subject to certain risks and uncertainties. Actual results, performance, or achievements may differ materially from those expressed or implied. Information is based on data gathered from what we believe are reliable sources. It is not guaranteed as to accuracy, does not purport to be complete, and is not intended to be used as a primary basis for investment decisions. This article was written by a professional financial journalist for Advisor Products and is not intended as legal or investment advice.
The articles written in this newsletter were written by a journalist hired by Advisor Products, Inc. and provided to you by The Clark Group Asset Management. Their accuracy and completeness are not guaranteed. The Clark Group Asset Management is not a legal or tax advisor.
GET IN TOUCH
24941 Dana Point Harbor Drive
Suite C210
Dana Point, CA 92629
Phone: 949-558-3898
Fax: 949-558-3901
theclarkgroup@clarkgroupam.com
© 2024 The Clark Group Asset Management.
Jamie Dimon, CEO of JP Morgan Chase, the largest U.S. bank, warned that a “hurricane” was about to hit the U.S. economy in June 2022, and Ray Dalio, founder of
The Clark Group’s mission is to build long-lasting relationships with our clients and help them organize, grow and protect their hard-earned assets through life’s transitions. Along the way, our goal is to provide peace of mind for our clients through trust, thoroughness and transparency. Our experience has taught us that our value comes from helping clients make sound financial decisions while minimizing the emotion that often comes with investing. We are here to guide you through both good and bad economic times.
As a fiduciary financial advisor, we have a legal obligation to always act in your best interest and disclose any conflicts that could prevent us from servicing you. Furthermore, our compensation is fee-based which allows us to be completely objective and aligns our incentives with our client’s best interests. We provide clients in the Los Angeles, Orange County, and Southern California area with investment management, retirement planning, portfolio risk assessment, and charitable giving strategies.
This website uses cookies for navigation, content delivery and other functions. By using our website you agree that we can place cookies on your device. I understand