Equities inched up on the week, setting new highs in the process. The S&P 500 advanced 0.6%, but there was notable rotation under the surface. The energy sector jumped 4.0% as freezing temperatures across the country forced oil shut-ins and boosted demand for natural gas and other related commodities. Offsetting this was a 2.6% drop...
Equities posted a strong week as major indices pushed to record highs. The S&P 500 advanced 2.1% with the Energy Sector being a large catalyst. The S&P 500 Energy Sector is up 18.0% year-to-date and far outpacing the 4.2% advance in the S&P 500. Small cap domestic equities are also strong to start with gains...
The economy grew by 4% in the fourth quarter of 2020 as indicated by the first reading of GDP in 2021. This comes after growth of 33.4% in the third quarter. This fourth quarter number means annual GDP was only down 3.5% in 2020. The fourth quarter increase was led by growth in exports, nonresidential...
