Workers Hesitant To Quit During Pandemic

Confidence among workers to freely leave and quit their current job has historically been an indicator of the current condition of the labor market. As COVID-19 took its toll on the economy with layoffs rapidly increasing, remaining workers became less confident in leaving their current jobs in fear that they might not be able to find another position. The Department …

Ability To Work From Home Tied To Income

As stay at home mandates came into effect throughout the country, companies scrambled to migrate their management teams and essential employees to home offices. Data tracked by the Labor Department revealed that higher income positions, which include management and technology jobs, were most likely shifted to home offices. Unfortunately, data also revealed that lower paid employees were the ones that …

Grocery Store Sales Take Off In 2020

As restrictions surrounding restaurants and dining out set in due to the pandemic, consumers instead headed to grocery stores. Sales at grocery stores surpassed levels never reached over the past ten years. Stores witnessed an immediate surge in customers as news about restaurant closures and dwindling inventories of toilet paper and tissue became major headlines on social media and television. …

Markets Remained Resilient In 2020 – Equity Overview

Equity markets rebounded in a historical fashion from the lows in March 2020 to the end of the year, driven by vaccine optimism, low rates, and continued stimulus funding. Margin loan balances increased during the pandemic, eclipsing $722 billion through November and surpassing the previous high of $668 billion in May 2018, as reported by the Financial Industry Regulatory Authority. …

Rates Held Steady Throughout 2020 – Fixed Income Update

Rates remained near historic lows throughout 2020 as ambitious efforts by the Federal Reserve and the Treasury ensured critical liquidity in the fixed income markets. Key rates fell across the board in 2020, as injected liquidity and active monetary and fiscal policy initiatives contributed to a low rate environment. Mortgage rates fell to new lows in 2020 a dozen times …

Consumers Using Credit To Spend – Consumer Credit

Spending at stores essentially stalled in late March and April, as restrictions imposed to confront the spread of COVID-19 took it’s toll on the retail sector. The inability of consumers to spend freely also took a toll on the U.S. economy, since consumer expenditures make up over 70% of GDP. So when consumers were halted from spending, GDP fell an …

Work at Home Shift Drives Higher Laptop Sales In Europe

Work habits and patterns have not only changed in the United States but have also been altered in Europe, where work at home has become vastly commonplace. For many, the home office has created a need for products and services not required prior to the pandemic, when company office environments provided all amenities and necessary tools to operate. Of the …

Macro Overview – Jan 2021

COVID-19 reshaped markets, trade, retail, and consumer behavior globally in 2020 with lingering effects heading into 2021. Markets shrugged off pandemic concerns throughout the year, with all major equity indices reaching new highs in December. The anticipation of vaccinations along with the hope of a resurgence in consumer demand may eventually elevate economic activity to where it was before the …

Rates Rise Slightly In November – Fixed Income Update

Rates rose slightly in November, with the benchmark 10-year treasury bond yield approaching levels not seen in nearly six months. As the yield on the 10-year treasury neared 1%, fixed income markets embraced for potentially higher bond yields, which also means potentially lower bond prices. Historically low mortgage rates continue to bolster the housing market with record refis and purchases …

Markets Head Higher in November – Equity Market Overview

The combination of a finalized election, effective vaccine trials, and positive earnings from various sectors, drove equity indices higher in November. Analysts expect upcoming additions to the S&P 500 Index to produce added volatility with the index, creating demand for customized indexing, also known as direct indexing. The rise of copper prices to a six-year high is an indication for …