Cold Weather and Calm Markets!
ROBARE & JONES ON THE MARKETS
Markets were relatively flat this past week with the only sector to go +/- 3% was the energy sector up 3.1%. The energy sector having gains was to our surprise as much of the production for energy was put on pause due to power outages across the state of Texas.
With last week being so slow in the market, many financial conversations came from a survey complete by the asset managers at Bank of America. The survey showed how small the cash positions are and how high the equity positions are in their portfolios.
The survey indicated how high our inflation is, and it's anticipated to rise even higher. The main contributors are reportedly from the Central Bank interest rates, government stimulus, and economic recovery.
There seems to be a good amount of optimism about the markets with pledge low interest rates and unspent stimulus from the Feds. Many anticipate a strong economic recovery by this summer as COVID cases have continually dropped to the lowest 7-day average in 6 months. The big questions is how much longer can this stock market continue to roar?
Let's take a look at the benchmarks from this past week!
Did You Know: Weather Facts
We all have a relative we see once a year and the hot topic of conversations is the weather. The conversation is shared with relatable stories for about 5 to 10 minutes, and then becomes really dull and boring. So we promise we'll cool it with the weather facts after this week.
What was the hottest temperature ever recorded in the U.S.?
- 134 degrees in Death Valley, California
What was the hottest temperature ever recorded in the U.S.?
- -80 degrees in Prospect Camp Creek, Alaska
Across the world, what the most amount of rainfall in a 24 hour period?
- 71.8 inches in Foc-Foc, La Réunion (off the coast of India)
What's the most amount of snowfall in the U.S.?
- 78 inches in Valdez, Alaska
Do you have an interesting weather story?
Sources:
https://www.investopedia.com/terms/c/contrarian.asp
https://www.cnbc.com/2021/02/16/the-only-reason-to-be-bearish-is-theres-no-reason-to-be-bearish-bank-of-america-says.html
https://www.barrons.com/articles/higher-interest-rates-dont-trouble-the-stock-marketat-least-not-yet-51613786125?mod=hp_LEAD_1 (or go to https://resources.carsongroup.com/hubfs/WMC-Source/2021/02-22-21_Barrons-Rising_Interest_Rates_Dont_Trouble_Equity_Investors-At_Least_Not_Yet-Footnote_3.pdf)
https://www.reuters.com/article/us-global-stocks-bubbles-idUSKBN2AJ1IL
https://www.barrons.com/articles/why-this-bull-market-shows-no-sign-of-ending-soon-51613781492?refsec=the-trader (or go to https://resources.carsongroup.com/hubfs/WMC-Source/2021/02-22-21_Barrons-Why_this_Bull_Market_Shows_No_Sign_of_Ending_Soon-Footnote_5.pdf)
https://apnews.com/article/fed-low-rates-coronavirus-economy-a142da0b3bac10860247732cdc2a7acf
https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
https://www.reuters.com/article/us-global-punchbowl/column-central-bank-punch-bowl-still-brimming-for-markets-idUSKBN2AJ0P0
https://www.reuters.com/article/us-usa-fed-barkin/barkin-economy-should-surge-even-absent-full-herd-immunity-to-coronavirus-idUSKBN2AJ1L9
https://www.presidency.ucsb.edu/documents/message-the-observance-black-history-month-february-1976
https://www.biography.com/news/shirley-chisholm-quotes
https://www.axios.com/newsletters/axios-markets-8b02fc2a-fb10-4dd0-b31d-978077ee9cfa.html
https://www.goodreads.com/quotes/531902-when-you-write-it-s-like-braiding-your-hair-taking-a
https://www.axios.com/newsletters/axios-markets-b7f34821-1a4a-46f4-8e09-b67437a1539b.html
https://www.biography.com/scientist/percy-julian
https://www.goodreads.com/author/quotes/7380.Alice_Walker
