October 15th, 2021 Market bulls stampeded late in the week, boosted by a strong start to the Q3 2021 earnings season. Financial giants Goldman Sachs and Bank of America led the charge, reporting better than expected earnings growth on strong investment banking, trading, and lending revenue. Investors also cheered the September retail sales report which…
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October 8th, 2021 A short-term debt ceiling extension helped turned market sentiment positive this week. The immediate financial crisis was averted by lawmakers agreeing to raise the debt ceiling limit by $480 billion. That will allow the federal government to continue to pay its bills through December 3rd. In economic news, it was a mixed…
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October 1st, 2021 September lived up to its reputation of being a historically challenging month for markets. The S&P 500 slipped -4.80% for its worst monthly performance since March 2020. Despite the month’s performance, the index managed to eke out a small gain for the quarter. The monthly decline was driven by investors’ growing wariness…
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