Laila Pence on TDA Network (04/08/2021) Laila Pence Talks Key Takeaways From Recent Market Highs Laila Pence says that the S&P 500 stands 82% above its March 23, 2020 low as the CBO expects the U.S. economy to be at pre-pandemic levels by middle of 2021. Also, she believes that the inflation debate is, at present, a little early. April 8, 2021 Host: (00:00) Welcome back to the show. Laila, I appreciate you being here. Stocks continue to make all-time highs, the S&P is at record levels...you know, if you look at what's gone on the [...]
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Daily Market Report | Apr. 07, 2021 Stocks Wobble Ahead of Fed Minutes – Wall Street Journal, 4/7/2021 U.S. stocks wobbled Wednesday as investors awaited notes from the Federal Reserve’s last policy meeting for clues on how officials view inflation and the pace of economic recovery. Signs that the economy is rebounding from its coronavirus-driven slump have buoyed investors and helped propel the major indexes to unprecedented levels this week. The rapidly progressing vaccination rollout, combined with both monetary and fiscal support, is aiding in the recovery of the labor market and the manufacturing [...]
Daily Market Report | Apr. 06, 2021 Stocks Hover Near Records – Wall Street Journal, 4/6/2021 Major U.S. stock indexes hovered in record territory Tuesday after signs of rapid economic recovery propelled them to all-time highs a day earlier. The S&P 500 edged up 0.1%, putting it on pace for another record close. The Dow Jones Industrial Average was little changed after notching its 18th closing record of 2021 on Monday. The tech-heavy Nasdaq Composite added 0.2% but remains down about 2.5% from its February record. Yet investors say there remains ground for caution, [...]
Daily Market Report | Apr. 05, 2021 U.S. Stocks Climb on Signs of an Economic Rebound – Wall Street Journal, 4/5/2021 U.S. stocks rose Monday following a strong jobs report and as fresh data showed a recovery in the services sector. The S&P 500 gained 1.2%, putting it on track for another record after the broad-based index hit an all-time high last week. The Dow Jones Industrial Average climbed 1%, while the technology-heavy Nasdaq Composite added 1.2%. With the U.S. stock market closed Friday, it was the market’s first reaction to the latest jobs [...]
Daily Market Report | Apr. 01, 2021 Stocks Rise, Led by Tech Shares – Wall Street Journal, 4/1/2021 U.S. stocks resumed a familiar pattern Thursday, with tech shares rising sharply and outpacing the rest of the market. The Nasdaq Composite rose 1.7%, following a 1.5% gain on Wednesday. The S&P 500 was up 0.8%, after the broad stocks gauge closed out a fourth consecutive quarterly advance on Wednesday, while the Dow Jones Industrial Average was up 0.2%. On the economic front, new claims for jobless benefits edged up to 719,000 last week from 658,000 [...]
Daily Market Report | Mar. 31, 2021 Stocks Rise Ahead of Biden’s Spending Plan – Wall Street Journal, 3/31/2021 U.S. stocks rose Wednesday as investors awaited the rollout of President Biden’s multitrillion dollar spending program and details on how taxpayers will fund it. Mr. Biden is expected to roll out his ambitious $2 trillion program targeting infrastructure, green energy, manufacturing and housing on Wednesday. The fresh spending could give the economy another boost, coming on top of the recent $1.9 trillion stimulus program. But money managers are also nervous because the president has signaled [...]
[Season 2 Ep.2] Market Update Podcast Laila Pence: (00:00) Good afternoon, everyone. This is Laila Pence. Welcome to season two, episode two of our podcast. We have a full agenda to cover today. We're going to start by covering the economy and do a little virus update. Then I'm going to go into significant details about some of the tax law changes. Then we're going to have a market update and talk about inflation interest rates, and then some tax deadlines, and then we have quite a few client questions. We'll cover as much as we [...]
The Tale of Two Halves – Government Stimulus vs. Pent Up Consumer Demand The opinions expressed are for general information purposes only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making any decision. All performance referenced is historical and is no guarantee of future results. All indices referenced, if any, are unmanaged and may not be invested into directly. The opinions expressed in this material are those of Pence [...]