"> Cup of Joe - Weekly Market Recap: Markets, China, the Delta Variant, Unemployment - Argent Bridge Advisors

Argent Bridge Advisors

Independent Wealth & Financial Planners in Northern Virginia

  • Client Experience
    • Achieve Your Wealth Goals
    • Are We a Good Match?
    • Serving Your Needs
    • FAQ
    • Success Partners
  • Our Exceptional Team
  • Events & Webinars
  • Divorce
    • Working with a CDFA®
    • Attend a Divorce Workshop
    • Featured Divorce Presentation
    • Meet Our CDFA®s
  • Insights
  • Contact
August 18, 2021 Financial Planning

Cup of Joe – Weekly Market Recap: Markets, China, the Delta Variant, Unemployment

Take a look at last week’s market recap from Joe Gallemore, CIMA® Partner & Director of Investment Management for Argent Bridge Advisors. Watch the video now!

Joe’s Notes:

  • The S&P 500 ended last week at a new all-time high level and is now +20% in 2021.  As of Monday the 16th, the large cap index has doubled since its lowest point back on March 23, 2020, in the midst of the Pandemic shutdown.
  • Emerging markets stocks struggled last week, primarily because of China which is facing surging delta variant cases resulting in a lot of economic shutdown. Add to this increased regulation by the Chinese government on the tech sector which is really weighing down investor sentiment for that region.
  • The unemployment rate is down to 5.4% while we are still in the midst of an acute labor shortage.  Nearly 9 million Americans remain unemployed but there are over 10 million job openings. This imbalance has led to higher wages which is a contributor to higher inflation.
    • September could be a milestone as many children go back to school (alleviating child care issues) and the remaining increased unemployment benefits are set to expire.  We may see this combination lead to more people going back to work, which we all know is good for the economy and good for the country.

Estate Planning

Argent Bridge

PrevHome Loans & Refinancing Due to Divorce [Advisors on Divorce]
NextAll About a Backdoor Roth | Financial Planner Northern Virginia

Connect on social

NEWSLETTER SUBSCRIPTION

Subscribe to our newsletter to receive our latest updates.

RECENT POSTS

Financial Planning for Entrepreneurs

Financial Planning for Entrepreneurs

June 17th, 2019
pexels-anna-shvets-3727464

Finding the Best Financial Advisor | Arlington, VA

May 24th, 2019
1557848885071

Impact of the Changes to the IRA Stretch Distribution Rules

May 23rd, 2019

SEARCH OUR WEBSITE

Argent Bridge Advisors

  • 8045 Leesburg Pike Suite 250, Vienna, VA 22182
  • (833) 568-4900
  • ABservice@argentbridge.com

LATEST NEWS

  • [Market Recap] Cup of Joe: Mid-January Market Update January 19, 2023
  • [Market Recap] Cup of Joe: Early Dec Market Update December 8, 2022

NEWSLETTER

Subscribe to our newsletter for latest updates!

Securities offered through Triad Advisors, LLC Member FINRA (www.finra.org) and SIPC (www.sipc.org). Advisory services offered through Triad Hybrid Solutions LLC, a registered investment advisor. Argent Bridge Advisors, LLC and Triad Advisors, LLC are not affiliated. Download our FORM CRS - CUSTOMER RELATIONSHIP SUMMARY, ADV Form , ADV2B Form and firm brochure . © Copyright 2021 all rights reserved.