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.
Earnings season is a key time for market participants. Even for long-term investors like us, who are not in the practice of aggressively trading securities before or after earnings announcements, it is an informative few weeks. The microeconomy meets the macro, and companies either confirm or challenge what we’re seeing from other economic data. Direct commentary from management is critical, particularly at watershed moments in the business cycle.