Financial Advisors Review a Markets From Houston Texas and Near You!

FINANCIAL ADVISORS ON THE MARKETS

The Standard & Poor's 500 index fell 2.45% this week, the market benchmark's second weekly drop in a row, as every sector other than energy fell. Utilities had the largest falling out at a 5.1%. This following up from the winter storm surges in Houston and across Texas.

Also weighing on stocks, a jump in bond yields this week prompted investors to worry the Federal Reserve could boost rates sooner than expected. The original pledge from the Federal Reserve was to wait to raise rates until 2023. Rising Treasury yields suggest bond investors think the economy is likely to strengthen and pent-up consumer demand could spark spending on shopping, dining, and social events.

Contrary to optimism, Best Buy (BBY) shares fell over 15% this past week. Best Buy was one of the only brick and motor retailers to come out of the pandemic much stronger that others. Chief Executive Corie Barry warned investors of "a high level of uncertainty related to the impacts of the COVID-19 pandemic."

This past week had mixed signals and we hope to see more solid underlying economic data in the jobs report this upcoming week.

Let's take a look at the benchmarks from this past week!

Most and Least Expensive Cities After COVID-19

Regionally, prices fell in Latin America, North America, Eastern Europe, and Africa. They increased in the Middle East, Asia, and Western Europe. The EIU’s World Cost of Living Index found, during 2020, the most expensive cities in the world were:

Paris, France
Hong Kong, China
Zurich, Switzerland
Singapore, Malaysia
Osaka, Japan
Tel Aviv, Israel
New York, United States
Geneva, Switzerland
Los Angeles, United States
Copenhagen, Denmark

The least expensive were:

Damascus, Syria
Tashkent, Uzbekistan
Almaty, Kazakhstan
Buenos Aires, Argentina
Karachi, Pakistan
Caracas, Venezuela
Lusaka, Zambia
Chennai, India
Bangalore, India
New Delhi, India

Where would like to live in the future?