Monthly Investment Update: April 2021

US stock market indices, such as the S&P 500, touched new all-time highs in March as economic, household, and business data all continued to imply that the recovery from the COVID-19 economic recession remains on track and stable. As of this writing, more than 167 million vaccine doses have been administered in the US, leading to the full vaccination of 62.4 million Americans (19% of the US population).

Continue reading

Weekly Investment Update March 29, 2021

The US labor market will be in focus this week as ADP will report their estimate of payrolls in March followed by weekly data regarding initial and continuing claims for unemployment insurance on Thursday, which all leads up to the official March employment report from the US Bureau of Labor Statistics on Friday. As of this writing, surveys of economists anticipate that the US labor market will continue to recover from the COVID-19 pandemic and recession.

Continue reading

Weekly Investment Update March 9, 2021

The S&P 500 and Dow Jones Industrial Average both rose approximately 1 percent last week as investors tracked progress in Washington toward another round of economic stimulus. As of this writing, the $1.9 trillion bill has been approved by the Senate, and is now back with the House of Representatives for final vote this week before going to President, Joe Biden, for signature.

Continue reading

An Independent Firm of OneAscent Financial

Copyright © 2021 Sovereign Financial