Weekly Market Recap – February 25, 2022 In the first massive European military operation of its kind since WWII, Russia invaded Ukraine early on Thursday. The news of the invasion triggered panic in Russia’s markets. The Ruble collapsed as much as 85-to-1 against the U.S. Dollar, an all-time low for the currency. Moscow’s stock exchange

Weekly Market Recap – February 18, 2022 On Friday, President Biden said he is convinced Russian President Putin has decided to invade Ukraine and target the capital city of Kyiv. Stating that it could happen in the \\\”coming days\\\”, he cited U.S. intelligence as his source. Monthly economic statistics, compared with previous levels, were as

Weekly Market Recap – February 11, 2022 Tensions over Ukraine have continued to rise as Russia has increased its military presence in Belarus. A Canadian judge has ordered an end to the blockade at the Ambassador Bridge border crossing by truckers protesting COVID-19 mandates; the demonstration is impacting an estimated $400 million per day in

Weekly Market Recap – February 4, 2022 The U.S. Treasury Department reported on Tuesday that the national debt has surpassed $30 trillion. Monthly economic statistics compared with prior levels, were as follows: the Chicago purchasing managers index rose to 65.2 vs. 64.3, construction spending +0.2% vs. +0.6%, factory orders -0.4% vs. +1.8%, job openings 10.9

Weekly Market Recap – January 28, 2022 The Fed indicated it would begin increasing interest rates in March. Justice Stephen G. Breyer, the oldest member of the current Supreme Court, announced his intention to retire. Monthly economic statistics, compared with previous values were as follows: durable goods orders -0.9% vs. +3.2%, new home sales 811,000

Weekly Market Recap – January 21, 2022 The news of the week, in addition to the ongoing pandemic coverage, the weather, and the economy, is now also focused on Russia’s plans concerning Ukraine. Martin Luther King Jr. Day shortened the business week, which saw a shorter than usual list of economic statistic reports. These, compared

Weekly Market Recap – January 14, 2022 The London Interbank Offered Rate (Libor) has died at the age of 52. The benchmark began losing credibility in 2008, and the British Bankers Association announced in 2017 that it would ultimately be removed from use by the international banking industry. The last Libor deals were executed on

Weekly Market Recap – January 7, 2022 The minutes released from the Federal Reserve’s December meeting show that high inflation is convincing central bank officials to rethink their policy path. Monthly economic statistics reported during the week, compared with prior releases, were as follows: construction spending +0.4% vs. +0.4%, consumer credit $20 billion vs. $17

Weekly Market Recap – December 31, 2021 As the year was winding down, pandemic news continued ramping up. The U.S. COVID-19 death toll for 2021 was roughly 435,000 compared with 385,000 in 2020 (a 13% increase). Although the holiday week that closed 2021 was a full 5 days long, it was short on economic statistics.

Weekly Market Recap – December 23, 2021 U.S. coronavirus pandemic statistics have been monopolizing the news. Nationwide, the seven-day moving average for COVID-19 related deaths reached 1,481 (up 22% from a week ago). New cases averaged 176,829 (a 40% increase from the previous week), and hospitalizations rose 3% to an average daily admission level of