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Weekly Investment Update

<!– {"name":"Weekly Investment Blog","type":"layout","children":[{"name":"Top Image (Featured Image)","type":"section","props":{"style":"default","width":"default","vertical_align":"middle","title_position":"top-left","title_rotation":"left","title_breakpoint":"xl","image_position":"center-center","height":"full","padding_remove_top":false,"padding_remove_bottom":false,"image_size":"cover","padding":"xlarge","image_effect":"parallax","image_parallax_bgy_end":"100","image_parallax_bgy_start":"-100","animation":"fade","animation_delay":true,"image_parallax_breakpoint":"m","image_width":"1560"},"children":[{"name":"","type":"row","props":{"layout":"1-3,2-3","divider":true,"vertical_align":true},"children":[{"name":"","type":"column","props":{"image_position":"center-center","vertical_align":"middle","media_overlay_gradient":"","width_small":"1-3"},"children":[]},{"name":"","type":"column","props":{"image_position":"center-center","text_color":"light","vertical_align":"middle","media_overlay_gradient":"","width_small":"2-3"},"children":[]}]}],"source":{"query":{"name":"posts.singlePost"},"props":{"image":{"name":"featuredImage.url","filters":{"search":""}}}}},{"name":"Blog Content","type":"section","props":{"style":"default","width":"default","vertical_align":"middle","title_position":"top-left","title_rotation":"left","title_breakpoint":"xl","image_position":"center-center","padding":"large","padding_remove_bottom":false,"animation_delay":false},"children":[{"name":"","type":"row","props":{"layout":"1-3,2-3","vertical_align":false},"children":[{"name":"","type":"column","props":{"image_position":"center-center","media_overlay_gradient":"","width_small":"1-3"},"children":[{"type":"image","props":{"margin":"default","image_svg_color":"emphasis","image":"wp-content\/uploads\/2020\/06\/Trans_Blue-Crown.png"}},{"name":"","type":"headline","props":{"title_element":"h2","title_decoration":"bullet","title_style":"h3"},"source":{"query":{"name":"posts.singlePost"},"props":{"content":{"filters":{"search":"","date":""},"name":"date"}}}},{"type":"list","props":{"show_image":false,"show_link":true,"image_svg_color":"emphasis","image_align":"left","image_vertical_align":true,"list_size":"","list_element":"ul","column_breakpoint":"m"},"children":[{"type":"list_item","props":{"content":"

Categories”}},{“type”:”list_item”,”source”:{“query”:{“name”:”categories.customCategories”,”arguments”:{“id”:0,”offset”:0,”limit”:10,”order”:”term_order”,”order_direction”:”ASC”}},”props”:{“content”:{“name”:”name”,”filters”:{“search”:””}},”link”:{“name”:”link”,”filters”:{“search”:””}}}}}],”name”:”Blog Category List”}]},{“name”:””,”type”:”column”,”props”:{“image_position”:”center-center”,”media_overlay_gradient”:””,”width_small”:”2-3″},”children”:[{“type”:”headline”,”props”:{“title_element”:”h1″,”content”:”Weekly Investment Update”},”source”:{“query”:{“name”:””},”props”:{“_condition”:{“filters”:{“condition”:”!!”},”name”:”title”}}}},{“name”:””,”type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:”

Last week, risk assets generally trended sideways as investors watched for progress on the COVID-19 vaccine roll-out and a new fiscal stimulus bill. The S&P 500, a broad basket of large US companies, has advanced more than 4% so far in 2021. However, many indices and asset types that are more correlated to an economic recovery, such as small cap US stocks and emerging market stocks have risen double-digits.^{[1]\u00a0It seems as though, for at least the time being, the market baton has been passed to more cyclical companies as investors, in aggregate, may be anticipating more economic growth ahead.\n}

This week, the Conference Board will release its composite of Leading Economic Indicators. The series is comprised of data that is expected to be predictive of the trend of future economic growth. It includes items related to labor market conditions, manufacturing, housing, and lending conditions (amongst others). The index has been trending up since last spring, implying continued stable economic conditions to come.”},”source”:{“query”:{“name”:””},”props”:{}}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:”

Conference Board Leading Economic Index”}},{“type”:”image”,”props”:{“margin”:”default”,”image_svg_color”:”emphasis”,”image”:”wp-content\/uploads\/sites\/20\/2021\/02\/Conference-Board-Leading-Economic-Index-February-23-2021-Weekly-Investment-Update.png”,”image_alt”:”Line graph depicting Conference Board Leading Economic Index from December 1999 to December 2020″}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:”

Source: Bloomberg”,”text_size”:”small”}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:”

Key Economic Releases This Week”,”css”:”p { \n margin-top: 50px\n}”}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:”

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Day\n	Report\n	Period\n	Consensus Est.\n	Previous\n\n
Monday, Feb. 22\n	Leading Economic Indicator (monthly change)\n	January\n	0.4%\n	0.3%\n\n
Thursday, Feb. 25\n	Durable Goods Orders (monthly change)\n	January\n	1.1%\n	0.5%\n\n
Thursday, Feb. 25\n	Continuing Unemployment Claims\n	Week of 2\/13\/21\n	4.42 million\n	4.94 million\n\n
Friday, Feb. 26\n	Personal Income (monthly change)\n	January\n	9.5%\n	0.6%\n\n
Friday, Feb. 26\n	Personal Spending (monthly change)\n	January\n	2.4%\n	-0.2%\n\n
Source: Bloomberg\n \n\n”,”text_size”:”small”,”css”:”table.center {\n margin-left:auto; \n margin-right:auto;\n border-collapse: collapse\n \n}\nth {background-color: #13284B; padding:5px }\ntd {padding:5px}\n”}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:” Asset Class Returns”}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:” \n \n \n \n \n \n \n \n \n \n \n \n Category\n Representative Index\n YTD 2021\n Full Year 2020\n\n Global Equity\n MSCI All-Country World\n 5.3%\n 16.3%\n\n US Large Cap Equity\u00a0\n S&P 500\u00a0\n 4.2%\n 18.4%\n\n US Small Cap Equity\u00a0\n Russell 2000\n 14.9%\n 20.0%\n\n Foreign Developed Equity\n MSCI EAFE\n 4.1%\n 7.8%\n\n Emerging Market Equity\n MSCI Emerging Markets\n 10.9%\n 18.3%\n\n US High Yield Fixed Income\n ICE BofAML High Yield Bond\n 1.3%\n 6.2%\n\n US Fixed Income\n Bloomberg Barclays US Aggregate Bond\n -1.8%\n 7.5%\n\n Cash Equivalents\n ICE BofAML 0-3 Mo Deposit\n 0.0%\n 0.5%\n\n Source: Morningstar as of February 19, 2021\n\n\n”,”text_size”:”small”,”css”:”table.center {\n margin-left:auto; \n margin-right:auto;\n border-collapse: collapse\n \n}\nth {background-color: #13284B; padding:5px }\ntd {padding:5px}\n”}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:” Prices & Interest Rates”}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:” \n \n \n \n \n \n \n \n \n \n \n \n \n Representative Index\n Current\n Year-End 2020\n\n S&P 500\n 3,907\n 3,749\n\n Dow Jones Industrial Avg.\n 31,433\n 30,497\n\n NASDAQ\n 13,576\n 12,886\n\n Crude Oil\u00a0(US WTI)\n $59.24\n $48.52\n\n Gold\n $1,776\n $1,893\n\n US Dollar\n 90.36\n 89.94\n\n 2 Year Treasury\n 0.11%\n 0.13%\n\n 10 Year Treasury\n 1.34%\n 0.93%\n\n 30 Year Treasury\n 2.14%\n 1.65%\n\n Source: Bloomberg, US Treasury as of February 19, 2021\n\n\n”,”text_size”:”small”,”css”:”table.center {\n margin-left:auto; \n margin-right:auto;\n border-collapse: collapse\n \n}\nth {background-color: #13284B; padding:5px }\ntd {padding:5px}\n”}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:” [1] Source: Morningstar”,”text_size”:”small”,”attributes”:””,”css”:”p { \n margin-top: 50px\n}”}}]}]}]},{“name”:”Disclaimer”,”type”:”section”,”props”:{“style”:”muted”,”width”:”default”,”vertical_align”:”middle”,”title_position”:”top-left”,”title_rotation”:”left”,”title_breakpoint”:”xl”,”image_position”:”center-center”,”animation_delay”:false},”children”:[{“name”:””,”type”:”row”,”props”:{“column_gap”:”large”,”row_gap”:”large”},”children”:[{“name”:””,”type”:”column”,”props”:{“image_position”:”center-center”,”media_overlay_gradient”:””,”width_medium”:”1-1″},”children”:[{“name”:””,”type”:”text”,”props”:{“margin”:””,”column_breakpoint”:”m”,”content”:” Past performance may not be representative of future results. \u202fAll investments are subject to loss.\u202f Forecasts regarding the market or economy are subject to a wide range of possible outcomes. \u202fThe views presented in this market update may prove to be inaccurate for a variety of factors.\u202f These views are as of the date listed above and are subject to change based on changes in fundamental economic or market-related data. \u202fPlease contact your Financial Advisor in order to complete an updated risk assessment to ensure that your investment allocation is appropriate.\u202f\u202f\u00a0″,”text_align”:”left”,”text_size”:”small”,”text_color”:”muted”}}]}]}]}],”version”:”2.2.2″} –> Written By: Contact An Advisor Follow Follow Past performance may not be representative of future results.  All investments are subject to loss.  Forecasts regarding the market or economy are subject to a wide range of possible outcomes.  The views presented in this market update may prove to be inaccurate for a variety of factors.  These views are as of the date listed above and are subject to change based on changes in fundamental economic or market-related data.  Please contact your Financial Advisor in order to complete an updated risk assessment to ensure that your investment allocation is appropriate.