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Weekly Market Recap – May 14, 2021
Weekly Market Recap – May 14, 2021 The number of Americans seeking unemployment benefits dropped again: 473,000 initial jobless claims were filed, compared with 507,000 the previous week. The federal...
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Weekly Market Recap – May 21, 2021
Weekly Market Recap – May 21, 2021 Weekly initial jobless claims sank to the lowest level since March 21, 2020, when 2.9 million first-time filings were tallied. Thursday’s report was 444,000 claims...
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Weekly Market Recap – May 28, 2021
Weekly Market Recap – May 28, 2021 Initial jobless claims fell to 406,000 vs. the previous week’s 444,000. Other economic statistics, compared to their prior levels, were as follows: the consumer...
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Weekly Market Recap – June 4, 2021
Weekly Market Recap – June 4, 2021 The weekly initial jobless tally was 385,000 new claims vs. the previous 405,000. Nonfarm payrolls showed a 559,000 increase; Wall Street had predicted 671,000. The...
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Weekly Market Recap – June 11, 2021
Weekly Market Recap – June 11, 2021 The word “Inflation” appeared frequently in Thursday’s financial press, after the May Consumer Price Index was released, showing a 5.0% surge from a year ago, the...
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Weekly Market Recap – June 18, 2021
Weekly Market Recap – June 18, 2021 The week had a number of economic reports. An unexpected statistic was the initial jobless claim tally, which had its first uptick in eight weeks: 412,000 claims...
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Weekly Market Recap – June 25, 2021
Weekly Market Recap – June 25, 2021 Initial jobless claims fell by only 7,000, as the weekly tally came in at 411,000 on Thursday; 418,000 new claims were filed the previous week. New home sales were...
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Weekly Market Recap – July 2, 2021
Weekly Market Recap – July 2, 2021 On Thursday, a five-year $715 billion infrastructure bill was passed by the House. In the Pacific Northwest, heat-related deaths climbed into the hundreds. On Friday,...
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Weekly Market Recap – July 9, 2021
Weekly Market Recap – July 9, 2021 Thirty-two million Americans are under excessive heat alerts, due to the high-pressure dome causing record temperatures in seven states in the West. California has...
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Weekly Market Recap – July 16, 2021
Weekly Market Recap – July 16, 2021 COVID-19 cases are rising in all fifty U.S. states; Los Angeles reinstated its indoor mask mandate. Wildfires are raging throughout western North America, which is...
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Weekly Market Recap – July 23, 2021
Weekly Market Recap – July 23, 2021 OPEC Plus, the group of 23 oil-producing countries, reached a deal to raise crude output. The barrels added to global supply amount to a production increase of about...
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Weekly Market Recap – July 30, 2021
Weekly Market Recap – July 30, 2021 2021’s second-quarter growth was reported at 6.5%, as measured by gross domestic product. This slight increase from the Q1 GDP of 6.3% takes the U.S. economy above...
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Weekly Market Recap – August 6, 2021
Weekly Market Recap – August 6, 2021 Nationwide, the Delta variant has now driven the coronavirus new case rate to over 100,000 per day, the highest since November 2020; incentives are now being...
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Weekly Market Recap – August 13, 2021
Weekly Market Recap – August 13, 2021 The Senate passed the $3.5 trillion blueprint of President Biden’s infrastructure plan. The U.S. began staging troop deployment for an evacuation mission in...
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Weekly Market Recap – August 20, 2021
Weekly Market Recap – August 20, 2021 News headlines this week covered familiar topics. In Afghanistan, the Taliban took control of the country. The U.S. evacuation mission continues, and the EU is...
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Weekly Market Recap – August 27, 2021
Weekly Market Recap – August 27, 2021 According to a CDC report on Friday, 1,200 coronavirus deaths occurred in the U.S. in a 24-hour period, a fatality rate not seen since early March. At our press...
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Weekly Market Recap – September 3, 2021
Weekly Market Recap – September 3, 2021 After pummeling Louisiana and leaving a million customers without electric power, the remnants of Hurricane Ida moved into the northeast causing historic...
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Weekly Market Recap – September 10, 2021
Weekly Market Recap – September 10, 2021 The current Fed “Beige Book” report focuses on the economic pullback in July and August, attributing it to the resurgence of COVID-19 cases, persistent supply...
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Weekly Market Recap – September 17, 2021
Weekly Market Recap – September 17, 2021 The annual data released Tuesday by the U.S Census Bureau underscored the economic impact of the pandemic last year. The median inflation-adjusted household...
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Weekly Market Recap – September 24, 2021
Weekly Market Recap – September 24, 2021 Monday saw the biggest drop in the stock market since May. The waves of selling were in response to reports from rating agencies that “default appears probable”...
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