The S&P 500 was down slightly on the week as sector dispersion was again a major factor. Materials were up more than 4% while both energy and financials gained. The NASDAQ was down 3.3% as technology bellwethers were sold aggressively following good earnings. The NYSE FANG+ Index was down 5.0% on the week. The previously...
There was another drop in existing home sales this week. Only 6.01 million homes were sold in March, down from February’s 6.24 million. This is the second consecutive month we have seen a drop. Despite March’s drop, existing home sales are up 12.3% over the year. The monthly drop indicates housing supply issues. The median...
If you’ve been following the markets during the pandemic, as it seems everyone has, you know it’s been very quiet. Really nothing new happening. Wait a minute, what? Quite the opposite is true. The first quarter of 2021 was full of new and exciting developments. It seems like there are so many new investment ideas,...
