May 10, 2021—We have all seen the horrifying images coming out of India. The recent wave of COVID-19 illnesses, deaths, and lockdowns are having a severe negative impact on the operations of Indian business, including those listed on the Mumbai Stock Exchange. The human toll of the India outbreak has been devastating and heartbreaking. Moreover, the situation may worsen before it stabilizes, especially if vaccinations do not further accelerate.
Rhea Thomas, Senior Economist, Wilmington Trust Investment AdvisorsMay 7, 2021—Markets were abuzz at 8:29 Friday morning ahead of the jobs report with official consensus forecasts of 1 million new jobs added in the month of April and “whisper expectations” (whatever those are) of 1.5 million. At 8:30 those expectations were thoroughly dashed upon the announcement of just 266,000 new jobs added and downward revisions to previous months.
May 4, 2021—Equity markets have come a long way since suffering a 33% bear market decline at the onset of the COVID-19 pandemic in March 2020. Over the 13 months that followed, the S&P 500 not only reclaimed its pre-pandemic peak in August but went on to print over 40 record highs, with 9 of them occurring in April alone.
