Stocks Outperforming Bonds So Far in 2021

By Tom Burnett CFA With only one month remaining in 2021, it is a good time to examine the relative performance of various asset classes thus far in the year. All performance information is derived from the November 30 edition of “The Wall Street Journal.” One result is very clear—2021 has been…

By Tom Burnett CFA On November 9, 2021, the Bureau of Labor Statistics announced the PPI figures for the month of October.  The PPI final demand Index rose by 0.6% in October, after an increase of 0.5% in September.  The final demand index rose 8.6% in the 12 months ending in October. The main culprit…

By Tom Burnett CFA On November 5, 2021, the Bureau of Labor Statistics announced the employment numbers for October. Jobs increased by 531,000 from the prior month. Private sector growth of 604,000 led the way.  The unemployment rate fell from 4.8% to 4.6%. There are now 7.4 million unemployed workers…

By Tom Burnett CFA On November 3, 2021, the Federal Reserve announced the results of its two-day meeting for the month.  Importantly, the Fed made it clear that it sees the economy recovering sharply from the Covid-19 outbreak, and that inflation is now rising above the 2% annual rate that is the goal…

By Tom Burnett CFA On October 19, 2021, SIFMA (Securities Industry and Financial Markets Association) released its third quarter report on the overall structure of the global securities industry.  The report has two main sections-equities and fixed income.  We summarize several highlights from the…