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Grocery Buying Remains Elevated From Pandemic

Posted on January 28th, 2021

Grocery Buying Remains Elevated From Pandemic
As restrictions surrounding restaurants and dining out set in due to the pandemic, consumers instead headed to grocery stores. Sales at grocery stores surpassed levels never reached over the past ten years. Stores witnessed an immediate surge in customers as news about restaurant closures and dwindling inventories of toilet paper and tissue became major headlines […]

EU Laptop Demand Higher Amid Work From Home Shift

Posted on January 25th, 2021

EU Laptop Demand Higher Amid Work From Home Shift
Work habits and patterns have not only changed in the United States but have also been altered in Europe, where work at home has become vastly commonplace. For many, the home office has created a need for products and services not required prior to the pandemic, when company office environments provided all amenities and necessary […]

Work From Home Shift Mainly Benefited High Earners

Posted on January 22nd, 2021

Work From Home Shift Mainly Benefited High Earners
As stay at home mandates came into effect throughout the country, companies scrambled to migrate their management teams and essential employees to home offices. Data tracked by the Labor Department revealed that higher income positions, which include management and technology jobs, were most likely shifted to home offices. Unfortunately, data also revealed that lower paid […]

2020 Year in Review

Posted on January 19th, 2021

2020 Year in Review
2020 was a historically turbulent year, forever marked by the pandemic; but even in the shadow of COVID-19, multiple landmark events made their own impact across economic, social and political spheres. The pandemonium threw financial markets into chaos, causing a massive stock market crash and which technically ended the longest bull market on record. Amazingly, […]

Workers Feel Trapped In Pandemic Labor Market

Posted on January 15th, 2021

Workers Feel Trapped In Pandemic Labor Market
Confidence among workers to freely leave and quit their current job has historically been an indicator of the current condition of the labor market. As COVID-19 took its toll on the economy with layoffs rapidly increasing, remaining workers became less confident in leaving their current jobs in fear that they might not be able to […]

Coronavirus Relief Bill Highlights

Posted on January 13th, 2021

Coronavirus Relief Bill Highlights
The recently passed Coronavirus Relief Bill extends and modifies several provisions first enacted by the CARES Act in March 2020. The package extends relief through mid-March of 2021, providing support to individuals and small businesses in order to get through the remaining months of the pandemic. Following are highlights from the relief bill: Stimulus Payment: […]

Financial Markets Remain in Rude Health Amid Real-World Turmoil

Posted on January 11th, 2021

Financial Markets Remain in Rude Health Amid Real-World Turmoil
Equity markets have continued their historic rebound in 2021 from their lows last March, driven by vaccine optimism, low rates, and continued stimulus funding. Margin loan balances increased during the pandemic, eclipsing $722 billion through November and surpassing the previous high of $668 billion in May 2018, as reported by the Financial Industry Regulatory Authority. […]

January 2021 Economic Snapshot

Posted on January 8th, 2021

January 2021 Economic Snapshot
COVID-19 reshaped markets, trade, retail, and consumer behavior globally in 2020 with lingering effects heading into 2021. Markets shrugged off pandemic concerns throughout the year, with all major equity indices reaching new highs in December. The anticipation of vaccinations along with the hope that resurgence in consumer demand may eventually elevate economic activity to where […]

Homeowner Equity Reaches New High

Posted on January 4th, 2021

Homeowner Equity Reaches New High
Homeowner equity as a percentage of home values reached an all time high in the 2nd quarter of 2020, surpassing the most recent previous highs in 2001. Federal Reserve data revealed that homeowners had achieved over 65.5% equity in their homes, a level not reached since the early 2000’s. Low interest rates have enabled mortgage […]

Online sales surge in 2020 due to pandemic

Posted on December 31st, 2020

Online sales surge in 2020 due to pandemic
Ever since the internet brought about the ability to shop from home, online sales have been steadily increasing for the past two decades. Thus far this year, online sales have exceeded 14% of total retail sales, more than the 8.6% average over the preceding five years. The growth with online sales this year has been […]

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