LAUREL WEALTH SOLUTIONS
  • Home
  • About
  • Services
  • Resources
    • Book
  • Events
  • Blog
  • Contact
  • Disclosures

What's new at
​laurel wealth?

Market Update - May 9, 2021

5/9/2021

 
Hope all is well.  Happy Mother’s Day!  It was an uneven week for the major U.S. stock indexes, as the Dow climbed nearly 3%, the S&P 500 added more than 1%, and the NASDAQ fell more than 1%, with most of its weekly decline coming on Tuesday. The Dow and the S&P 500 both set records, eclipsing highs set less than a month earlier.  In honor of  Mother’s Day I have broken down this week’s news using some motherly wisdom. 
Picture
​It’s all fun and games until someone loses…
​A job.  We experienced a setback in the labor market.  Friday’s jobs report fell far short of expectations as the recent rollback of pandemic-related restrictions failed to provide much lift to the labor market. The economy generated 266,000 new jobs in April, far below economists’ expectations for a gain of nearly 1 million. The unemployment rate actually rose from 6.0% to 6.1%.
You won't be happy until you break that, will you?   
​Corporate earnings growth continues to break records. S&P 500 companies are now expected to report a cumulative 49% increase over last year’s first-quarter results. That’s up significantly from the roughly 25% gain that analysts had forecast at the start of earnings season.
If you're too sick to go to school, you're too sick to play outside.
Manufacturing continued to be too sick to participate in the economic recovery. The Institute for Supply Management’s (ISM) index of manufacturing activity came in at 60.7 in April—down from 64.7 in March and below expectations for a 65.0 reading. A separate reading on the services sector also fell below expectations. 

I am here to help at any time. If you would like to schedule a phone/web conference appointment, I have included a link to my calendar below and you can self schedule.

https://booknow.appointment-plus.com/b8hh5y90/

Comments are closed.
    Picture

    Stephen Caruso
    President & Founder

    Laurel Wealth Solutions

    Archives

    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020

    Categories

    All

    RSS Feed

Picture
STEPHEN CARUSO
President & Founder

Laurel Wealth Solutions
p. 800.LWS.4579  (800.597.4579)  |  f. 914.517.5107
e. [email protected]

New York
​31 E. 32nd St., Suite 602
New York, NY 10016
Queens
69-10 108th St., Suite 1A
Forest Hills, NY 11375
New Jersey
10 Shawnee Dr., Suite 1
​Watchung, NJ 07069
Belpointe Financial
125 Greenwich Ave
Greenwich, CT 06830
HOME  |  ABOUT  |  SERVICES  |  RESOURCES  |  BOOK  |  BLOG  |  EVENTS  |  ​CONTACT

Licensed Insurance Professional.
Stephen Caruso is an Investment Advisor Representative offering investment advisory services through Belpointe Asset Management, LLC, 125 Greenwich Avenue, Greenwich, CT 06830 (“Belpointe"). Belpointe is an investment adviser registered with the Securities and Exchange Commission (“SEC”). Registration with the SEC should not be construed to imply that the SEC has approved or endorsed qualifications or the services Belpointe Asset Management offers, or that or its personnel possess a particular level of skill, expertise or training. Insurance products are offered through Belpointe Insurance, LLC. Important disclosures related to Belpointe are available at http://www.belpointe.com. Additional information pertaining to Belpointe’s registration status, its business operations, services and fees and its current written disclosure statement is available on the SEC’s Investment Adviser public website at https://www.adviserinfo.sec.gov/. 
AR-4241  |  18296-2018/12/11
  • Home
  • About
  • Services
  • Resources
    • Book
  • Events
  • Blog
  • Contact
  • Disclosures