By Tom Burnett CFA Commodity prices, as measured by the Bloomberg Commodity Index, have risen by 21.3% in 2021 (through July 21, Wall Street Journal). Most of the price pressures derive from the recovery in the energy sector which was badly mauled by the Covid-19 outbreak and the economic slowdown in…
Kelleher Financial Advisors 2nd Quarter 2021 Newsletter
By Tom Burnett CFA Looking at the price and performance data from the July 14, 2021, pages of the Wall Street Journal and Morningstar, we see the evident improvement in the relative performance of the ‘Value’ stocks compared to the overall market and to the ‘Growth’ universe. We use the Vanguard…
By Tom Burnett CFA On July 14, 2021, the Bureau of Labor Statistics reported the Producer Price Index (“PPI”) information for the month of June. The PPI increased by 1.0% in June, following increases of 0.8% in May and 0.6% in April. For the 12 months ending in June, the PPI rose 7.3%, the largest…
By Tom Burnett CFA On July 13, 2021, the Bureau of Labor Statistics announced the consumer price index data for the month of June. The Index rose by 0.9% in June after rising by 0.6% in May. The increase was the largest one-month change since June 2008 when the Index increased by 1.0%. Over the...