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Insights & News

Year-End Review of the Market Thumbnail

Year-End Review of the Market

While the stock market is entering a very strong calendar period historically, it has been a turbulent and highly volatile past week. December has historically been one of the best times to be in the market, as we get what many market commentators call a “Santa Claus Rally.” According to data from Bespoke Investment Group, the S&P has had a positive return in December 74% of the time since 1928, higher than any other month.

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Market News - November 26th, 2021 Thumbnail

Market News - November 26th, 2021

U.S. stocks declined in the holiday-shortened week as news about the emergence of a new, potentially more contagious, coronavirus variant in South Africa triggered a sharp sell-off in equities around the world. The Dow Jones Industrial Average declined 703 points for the week closing at 34,899, a decline of -2.0%.

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Market News - November 19th, 2021 Thumbnail

Market News - November 19th, 2021

Homebuilders grew more confident this month, as demand for housing remained strong despite continued pressures from supply and labor shortages. The National Association of Home Builders (NAHB) reported its monthly confidence index rose three points to 83 in November. It was the highest reading since May.

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Market News - November 12th, 2021 Thumbnail

Market News - November 12th, 2021

Optimism among the nation’s small business owners hit a seven-month low as they continued to struggle to find both people willing to work and supplies. The National Federation of Independent Business (NFIB) reported its small-business confidence index fell 0.9 points to 98.2 last month. It was the lowest reading since March. Businesses are facing one of the worst labor shortages since World War II. More than 4 million people left the workforce during the pandemic and haven’t returned.

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Market News - November 5th, 2021 Thumbnail

Market News - November 5th, 2021

The average price of a new vehicle has spiked about 25% since the start of the pandemic, from about $35,000 to a whopping $44,000, according to auto data firm J.D. Power. Shortages of key materials, such as semiconductors, have not only limited the number of vehicles being produced, but also incentivized automakers to build only the most expensive, highest-trim versions of their vehicles.

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Market News - October 29th, 2021

The number of Americans filing for first-time unemployment benefits fell to a new pandemic low as companies continue to work with the employees they have and seek to hire more. The Labor Department reported new jobless claims fell to 281,000 last week—the lowest since March of last year and better than economists’ estimates.

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