Unexpectedly Intriguing!
29 March 2021

The S&P 500 (Index: SPX) closed at a new record high of 3,974.54 on the trading week ending 26 March 2021. The new highs were achieved as growth looks to be strong with the lifting of state and local government lockdown restrictions, as more states open COVID vaccine eligibility to all adults.

During the week however, stock prices traded near the lower end of the redzone forecast range, as ongoing volatility prompted by rising interest rates in the bond market led to the continuation of tech stock selloffs, as bond investors acted to minimize their losses. Stock prices gained on Friday as key inflation data came in lower than expected, lowering bond yields and boosting tech stock prices.

Alternative Futures - S&P 500 - 2021Q1 - Standard Model (m=+1.5 from 22 September 2020) - Snapshot on 26 Mar 2021

Bank stocks also got a boost on Friday after the post-market close Federal Reserve announcement it would lift restrictions on dividends for most banks after its June stress test, which boosted bank stocks. All in all, it's pretty amazing how something like lifting restrictions imposed by government entities improves the expectations for growth in the future.

Other stuff also happened during the week. Here are the market moving headlines we tracked:

Monday, 22 March 2021
Tuesday, 23 March 2021
Wednesday, 24 March 2021
Thursday, 25 March 2021
Friday, 26 March 2021

Elsewhere, Barry Ritholtz's lists the positives and negatives he found in the past week's markets and economics news.

About Political Calculations

Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:

ironman at politicalcalculations.com

Thanks in advance!

Recent Posts

Stock Charts and News

Most Popular Posts
Quick Index

Site Data

This site is primarily powered by:

This page is powered by Blogger. Isn't yours?

CSS Validation

Valid CSS!

RSS Site Feed

AddThis Feed Button

JavaScript

The tools on this site are built using JavaScript. If you would like to learn more, one of the best free resources on the web is available at W3Schools.com.

Other Cool Resources

Blog Roll

Market Links

Useful Election Data
Charities We Support
Shopping Guides
Recommended Reading
Recently Shopped

Seeking Alpha Certified

Archives
Legal Disclaimer

Materials on this website are published by Political Calculations to provide visitors with free information and insights regarding the incentives created by the laws and policies described. However, this website is not designed for the purpose of providing legal, medical or financial advice to individuals. Visitors should not rely upon information on this website as a substitute for personal legal, medical or financial advice. While we make every effort to provide accurate website information, laws can change and inaccuracies happen despite our best efforts. If you have an individual problem, you should seek advice from a licensed professional in your state, i.e., by a competent authority with specialized knowledge who can apply it to the particular circumstances of your case.