(404) 890-5606Archive for June 2021
Weekly Economic Update: Housing Market Shows Improvement
Presented by Nicholas Wealth Management June 29th , 2021 Weekly Market Update In this week’s recap: Stocks reach all-time highs and the housing market showed significant improvement. The Week on Wall Street Stocks reached new all-time highs last week as markets staged a strong rebound from the previous week’s declines. The Dow Jones Industrial Average…
Read MoreWeekly Economic Update: Fed Signals Hikes in Interest Rates
Presented by Nicholas Wealth Management June 21st , 2021 Weekly Market Update In this week’s recap: The Fed signals interest rate hikes. The Week on Wall Street New messaging from the Federal Reserve on interest rates and inflation last week led to a broad retreat in stock prices. The Dow Jones Industrial Average dropped 3.45%…
Read MoreWeekly Economic Update: Stocks and Inflation
Presented by Nicholas Wealth Management June 14th , 2021 Weekly Market Update In this week’s recap: Stocks kept cool, even as inflation came in hot. The Week on Wall Street Stocks ended the week mixed as investors appeared to shrug off a hotter-than-expected inflation report. The Dow Jones Industrial Average slipped 0.80%, while the Standard…
Read MoreA Seven-Year High for Gas Prices
Provided by Nicholas Wealth Management June 7, 2021 Things in America are returning to something like a pre-COVID normal. Over Memorial Day weekend, gasoline prices hit the highest for this holiday weekend since 2014.1 With the Colonial Pipeline outage in the rear-view mirror and an ever-increasing number of adults vaccinated, formerly cooped-up motorists made the…
Read MoreRecovering from COVID
Provided by Nicholas Wealth Management June 7, 2021 With COVID, there were some who believed that progress on this health issue was a necessary precondition to economic recovery. In recent weeks, we have seen some promising trends emerge on the health front. The CDC is reporting the provision of 295 million vaccinations; 51% of Americans…
Read MoreWeekly Economic Update: Labor Numbers Leads Stocks
Presented by Nicholas Wealth Management June 7th , 2021 Weekly Market Update In this week’s recap: Positive labor numbers lead stocks to a modest gain. The Week on Wall Street A strong, but not too strong, employment report sparked a rally on the final day of trading, propelling stocks to a modest gain for the…
Read MoreInflation Outlook for 2021
Provided by Nicholas Wealth Management June 2nd, 2021 Is the Fed ahead or behind in its monetary policy regarding inflation? As our nation continues to recover from the effects of COVID-19, one economic trend has been capturing news attention as of late. Consumer prices are rising amidst economic recovery. In fact, the Consumer Price Index…
Read MoreThe Fed’s Taper Rehearsal
Provided by Nicholas Wealth Management June 2nd, 2021 The talk is of tapering, and it’s making investors nervous. The Federal Open Market Committee (FOMC) released the minutes of its April meeting last week. The report suggested that should the economy continue to make progress, it may be time to adjust the pace of the Fed’s…
Read MoreInflation Can Be a Scary Word
Provided by Nicholas Wealth Management June 2nd, 2021 There are compelling reasons to adopt a wait-and-see approach. Inflation can be a scary word for people who are retired. It’s code for “prices are going up, but my income may stay the same.” The most recent reading on consumer prices put inflation back into the conversation.…
Read MoreCyberattack, CPI Hit In the Wallet
Provided by Nicholas Wealth Management June 2nd, 2021 Long lines and closed gas stations in many regions. A cyberattack shut down a major gas and energy pipeline supplying the East Coast of the United States for several days. The actual pipelines themselves are still functional and have since started running again, but it’s led to…
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