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Market Commentary.pdf

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Preview of Market Commentary
🔗 Source: funds.palos.ca
📊 Size: 911 KB
👤 Author: Amjad Alaik
⬇️ Downloads: 116

Summary

The US economy is booming, with fresh data showing jobless claims fell, pending home sales rose, and consumer confidence at 121.7 in April. Despite this, investors were apathetic, with the S&P 500 closing flat and global equities attracting only $10.5bn. Big Tech stocks, including FAAMG, have been incredibly successful, generating $67 billion in after-tax earnings in Q1 2021. The US GDP rose 6.4% in Q1, with forecasts predicting 10% or more growth in Q2. However, the economy is unequal across sectors, and many Americans are not planning to return to work, with a dramatic jump in business owners looking to retire.

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Description

The US economy is booming, with fresh data showing jobless claims fell, pending home sales rose, and consumer confidence at 121.7 in April.

Technical Information

  • File Format: PDF
  • File Size: 911 KB
  • Pages: 7
  • Language: EN
  • Author: Amjad Alaik
  • Total Downloads: 116
  • Last Updated: 21 hours ago

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