• Categories

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”:”

Markets continued their climb last week with the S&P 500 once again reaching all-time highs and now within striking distance of 4,000. For now, market leadership has shifted from the large technology-related companies to more cyclical businesses such as financials and energy. This can be seen within the performance of the three most-widely tracked US indices: S&P 500, Dow Jones Industrial Average, and the NASDAQ. While the technology sector represents nearly 50% of the NASDAQ, the sector comprises only 26% and 21% of the S&P 500 and Dow Jones, respectively. Furthermore, financial companies are relatively absent from the NASDAQ, but represent 12% and 15% of the S&P 500 and Dow Jones, respectively. Yields on US Treasury securities have been rising, which is typically seen as a positive for financial companies like banks which can profit from higher interest rates.”},”source”:{“query”:{“name”:””},”props”:{}}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:”

Year-to-Date Major Index Performance”}},{“type”:”image”,”props”:{“margin”:”default”,”image_svg_color”:”emphasis”,”image”:”wp-content\/uploads\/2021\/03\/Year-to-Date-Major-Index-Performance-OneAscent-Weekly-Investment-Update-March-17-2021.png”,”image_alt”:”Line graph depicting the Year-to-Date Major Index Performance, including SPDR S&P Financials ETF, SPDR Dow Jones Industrial Average ETF, SPDR S&P 500 ETF, and Invesco NASDAQ ETF from December 31, 2020 to March 11, 2021″}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:”

The chart above reflects the price return for a $100 investment the various ETFs listed. 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”:”

\n

\n

\n

\n

\n

\n

\n

\n

\n

Day\n	Report\n	Period\n	Consensus Est.\n	Previous\n\n
Tuesday, Mar. 16th\n	Retail Sales (monthly rate)\n	February\n	-0.1%\n	5.3%\n\n
\u00a0\n	Industrial Production (monthly rate)\n	February\n	0.5%\n	0.9%\n\n
Wed., Mar. 17th\n	Building Permits (annual rate)\n	February\n	1.75 million\n	1.89 million\n\n
\u00a0\n	Housing Starts (annual rate)\n	February\n	1.56 million\n	1.58 million\n\n
Thursday, Mar. 18th\n	Conf. Board Leading Economic Indicators\n	February\n	0.4%\n	0.5%\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 4.6%\n 16.3%\n\n US Large Cap Equity\u00a0\n S&P 500\u00a0\n 5.3%\n 18.4%\n\n US Small Cap Equity\u00a0\n Russell 2000\n 19.3%\n 20.0%\n\n Foreign Developed Equity\n MSCI EAFE\n 3.7%\n 7.8%\n\n Emerging Market Equity\n MSCI Emerging Markets\n 4.6%\n 18.3%\n\n US High Yield Fixed Income\n ICE BofAML High Yield Bond\n 0.5%\n 6.2%\n\n US Fixed Income\n Bloomberg Barclays US Aggregate Bond\n -3.4%\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 March 15, 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 3,942\n 3,749\n\n Dow Jones Industrial Avg.\n 32,772\n 30,497\n\n NASDAQ\n 12,934\n 12,886\n\n Crude Oil\u00a0(US WTI)\n $65.61\n $48.52\n\n Gold\n $1,720\n $1,893\n\n US Dollar\n 91.68\n 89.94\n\n 2 Year Treasury\n 0.14%\n 0.13%\n\n 10 Year Treasury\n 1.64%\n 0.93%\n\n 30 Year Treasury\n 2.40%\n 1.65%\n\n Source: Bloomberg, US Treasury as of March 15, 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”}}]}]}]},{“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.