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Weekly Investment Update
US equity markets, as measured by the S&P 500 index, were flat last week as the record-breaking rally took a pause. This week, we will receive fresh data on US retail sales, housing starts and the sentiment of homebuilders. As the US economy is largely driven by household spending activity, continued signs that these metrics are on a recovery path should be supportive of investor sentiment. Housing starts have already recovered to pre-pandemic levels as low mortgage rates have spurred demand. That demand is reflected in the NAHB/Wells Fargo Housing Market Index which measures the sentiment of homebuilders. The survey asks respondents to rate market conditions for the sale of new homes currently, expectations over the next six months, and the level of traffic of prospective buyers in new homes. The survey results can range from 0 to 100 with results over 50 implying positive market conditions and optimism about the future.
Source: St. Louis Federal Reserve
Source: National Association of Homebuilders
Key Economic Releases This Week
Source: MarketWatch
Asset Class Returns
Source: Morningstar
As of September 11, 2020
Prices & Interest Rates
Source: Bloomberg, US Treasury
As of September 11, 2020
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.
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US equity markets, as measured by the S&P 500 index, were flat last week as the record-breaking rally took a pause.\u00a0 This week, we will receive fresh data on US retail sales, housing starts and the sentiment of homebuilders.\u00a0 As the US economy is largely driven by household spending activity, continued signs that these metrics are on a recovery path should be supportive of investor sentiment.\u00a0 Housing starts have already recovered to pre-pandemic levels as low mortgage rates have spurred demand.\u00a0 That demand is reflected in the NAHB\/Wells Fargo Housing Market Index which measures the sentiment of homebuilders.\u00a0 The survey asks respondents to rate market conditions for the sale of new homes currently, expectations over the next six months, and the level of traffic of prospective buyers in new homes.\u00a0 The survey results can range from 0 to 100 with results over 50 implying positive market conditions and optimism about the future.\u00a0\n
\u00a0″},”source”:{“query”:{“name”:””},”props”:{}}},{“type”:”image”,”props”:{“margin”:”default”,”image_svg_color”:”emphasis”,”image”:”wp-content\/uploads\/2020\/09\/US-Housing-Starts-Seasonally-Adjusted-Annual-Rate.png”}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”text_size”:”small”,”content”:”
Source: St. Louis Federal Reserve”}},{“type”:”image”,”props”:{“margin”:”default”,”image_svg_color”:”emphasis”,”image”:”wp-content\/uploads\/2020\/09\/NAHB-Wells-Fargo-Housing-Market-Index_9.14.png”}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”text_size”:”small”,”content”:”
Source: National Association of Homebuilders”}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:”
\u00a0\n
Key Economic Releases This Week”}},{“type”:”image”,”props”:{“margin”:”default”,”image_svg_color”:”emphasis”,”image”:”wp-content\/uploads\/2020\/09\/Economic-Releases_9.14.png”}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”text_size”:”small”,”content”:”
Source: MarketWatch”}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:”
Asset Class Returns”}},{“type”:”image”,”props”:{“margin”:”default”,”image_svg_color”:”emphasis”,”image”:”wp-content\/uploads\/2020\/09\/Asset-Class-Returns_9.14.png”}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”text_size”:”small”,”content”:”
Source: Morningstar
As of September 11, 2020″}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”content”:”
Prices & Interest Rates”,”position_bottom”:”0″}},{“type”:”image”,”props”:{“margin”:”default”,”image_svg_color”:”emphasis”,”text_align”:”left”,”image”:”wp-content\/uploads\/2020\/09\/Prices-and-Interest-Rates_9.14.png”}},{“type”:”text”,”props”:{“margin”:”default”,”column_breakpoint”:”m”,”text_size”:”small”,”content”:”
Source: Bloomberg, US Treasury
As of September 11, 2020″}},{“type”:”html”,”props”:{“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″} –>