January 2021 Economic Dashboard

By now, many have heard of the recent drama surrounding GameStop, AMC, and several other stocks making huge moves in the last week. GameStop shares traded from $61 to $483 in the final week of January. Media coverage has been unclear and generally failed to explain some of the underlying dynamics at work, so we… Read More »

December 2020 Economic Dashboard

2020 was a year no one could make up. As the year ends, what are investors looking towards in 2021? All hinges on the speed and success of Operation Warp Speed’s vaccination efforts. It will probably take most of 2021 to roll out the vaccine to nearly all adults but giving priority to elderly and… Read More »

November 2020 Economic Dashboard

As the stock market climbs to new all-time highs, a little noticed trend has emerged in the longer maturities of the Treasury market.  Interest rates for the 10-year Treasury bottomed at 0.50% on August 6 and climbed to 0.98% on November 9 with the announcement of the first COVID-19 vaccine trial results.  10-year yields are… Read More »

October 2020 Economic Dashboard

The U.S. Bureau of Economic Analysis released third quarter Gross Domestic Product (GDP) results on October 29th, showing the economy staged a strong rebound. In the third quarter, GDP rose at a seasonally adjusted annual rate of 33.1%, following the second quarter decline of 31.4%. Annual conversions of quarterly figures magnify changes. The below chart… Read More »

September 2020 Economic Dashboard

As September came to a close, we are now 6 months from the bear market bottom of March 23rd. The market looks vastly different today than it did one year ago, but the S&P 500 is up 8.2% for the 1-year period ending on September 23rd. This compares favorably to the average returns over the… Read More »