Our Commentary
Market Update: December 22nd 2020
Global equity markets rose last week, with continued easy economic policies announced and optimism over the new Covid vaccines. Bonds were down in the U.S. as rates ticked higher, while foreign bonds benefitted positively from a weaker dollar. Commodity prices rose broadly due to expectations for a global demand recovery, especially for energy and metals.
Everything You Need to Know About the New $900 Billion Stimulus Package
Democrats and Republicans in congress reached an agreement for another round of pandemic aid, including direct payments to Americans, jobless benefits and funds for businesses and vaccine distribution.
Beta Bytes: Week of December 19th
China opened up their Five-hundred-metre Aperture Spherical Telescope (FAST) to international scientists for the first time ever and Salesforce’s former chief scientist has plans to release a search engine capable of competing with Google
Financial Tips to Act on Before the End of the Year
As the end of 2020 approaches, there is a shrinking window to act on key financial strategies that could make a difference to your tax filing and ongoing financial plan.
Market Update: December 14th, 2020
Global stocks declined last week, as higher Covid case counts, lack of economic stimulus from the U.S. Congress, and upcoming deadline for Brexit weighed on investor sentiment. Bonds, on the other hand, fared well as interest rates retreated downward.
Beta Bytes: Week of December 12th
Today could be the day that the COVID-19 vaccine is approved, as the last hurdles of final review occur before the expected start of what will be the biggest vaccination campaign in U.S. history.
December 2020: San Diego Based Petco Files IPO
Petco Health and Wellness filed an initial public offering (IPO) with the SEC last week to be publicly on the Nasdaq with the ticker “WOOF.” The COVID-19 pandemic has contributed to a rise in pet ownership and spending, with Petco working hard to create multichannel approach and digital adaptations, but the company still struggles to remain profitable.
Market Update: December 7th, 2020
November was the best single stock performance month in decades, with the S&P up 11%. Interestingly, the S&P 500 stock index performance has broadened in recent weeks, from only a handful of mega-cap growth stocks in the lead, to over 90% of the index members trading above their 200-day moving average
Beta Bytes: Week of December 3rd
This week researchers reported that Jupiter is the first planet other than Earth seen to host what appear to be atmospheric light shows called “sprites” or “elves” , another top tech leader is leaving silicon valley, Salesforce announces revenue & new acquisition.