May 17th, 2021 Market Commentary - Leap Wealth Management

VIDEO DESCRIPTION:

Play, download and edit the free video May 17th, 2021 Market Commentary - Leap Wealth Management.

The Major Markets pulled back last week yet, managed to recover a little by Friday.

Three of the 11 S&P 500 sectors closed flat to slightly higher: so not all bad news.

The downtrend began on Monday and continued to progress through the week. The lows came on Wednesday after the release of the Consumer Price Index (CPI).

Early CPI estimates expected a month over month reading of 0.2%. Instead, it was 0.8% and led to an increase of 4.2% - the highest reading since September of 2008. These numbers lead to more inflation concerns.

Rising fuel prices had already been an issue prior to the Colonial Pipeline being hacked. The hackers shut down the four largest pipelines serving the eastern and southern US regions. The national average of gasoline rose yet again to $3.12/gallon, the highest since October of 2014.

Equity markets were not the only ones having a back week, Treasuries suffered as well.

At Leap Wealth, we are here to help our clients manage through the noise. We leverage sophisticated technology typically only available to institutional investors in order to advance and protect our client’s wealth. Contact us today to learn more. leapwealth.com

Download, play and edit free videos and free audios from May 17th, 2021 Market Commentary - Leap Wealth Management using RedcoolMedia.net web apps