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True unemployment nearly double traditional measure

Posted on December 24th, 2020

True unemployment nearly double traditional measure
A closely followed economic statistic by economists and market analysts is the unemployment rate. In fact, the Department of Labor has numerous levels of unemployment rates that it compiles and reports. Of the various rates, the U-3 is known as the traditional or official rate, which came in at 6.9% for its most recent release. […]

US Steps Aside in New Trade Pact

Posted on December 21st, 2020

US Steps Aside in New Trade Pact
For months, even before the onset of the COVID-19 pandemic in March, several countries were busy assembling trade agreements in order to facilitate and promote free trade. Asian countries were among the bulk of the agreements in the making, including both developed and emerging economies. This November, one of the long awaited free trade agreements […]

December 2020 State of the Fund Report

Posted on December 17th, 2020

December 2020 State of the Fund Report
Vaccine News Inoculates Market Against Accelerating Pandemic November began with a dramatic rally as worries about election turmoil subsided. Soon after, news of very strong trial results for multiple COVID-19 vaccines greatly strengthened investor sentiment and dominated market action since. The news came at an opportune time since the pandemic spread was also accelerating into […]

November Markets Rise After Post-Election Renormalization

Posted on December 14th, 2020

November Markets Rise After Post-Election Renormalization
The combination of a finalized election, effective vaccine trials, and positive earnings from various sectors, drove equity indices higher in November. Analysts expect upcoming additions to the S&P 500 Index to produce added volatility with the index, creating demand for customized indexing, also known as direct indexing. The rise of copper prices to a six-year […]

December 2020 Economic Snapshot

Posted on December 10th, 2020

December 2020 Economic Snapshot
Equity markets responded positively to news that the availability of vaccinations was imminently close. Major equity indices reached new highs in November as elements of uncertainty eased with promising vaccine trials and finalized election results. With the election behind us, attention now turns back to the pandemic and its ongoing effects on the U.S. and […]

Medicare Open Enrollment

Posted on December 7th, 2020

Medicare Open Enrollment
With open enrollment upon us, millions of Americans will be deciding on which, if any, changes to make to their Medicare coverage. The Open Enrollment Period for 2021 coverage is from November 1, 2020 to December 15, 2020. Coverage for any changes or new plans begins January 1, 2021. Since Medicare doesn’t cover all medical […]

International Migration Plummets

Posted on December 3rd, 2020

International Migration Plummets
International migration plunged 46% over the past year as the pandemic has hindered mobility for millions of migrant workers worldwide. The Organization for Economic Cooperation and Development (OECD) tracks the issuance of new visas and permits by the organization’s 37 member countries, including the United States. The OECD found that new visas and permits fell […]

Energy Consumption Upended in Pandemic Era

Posted on November 30th, 2020

Energy Consumption Upended in Pandemic Era
COVID-19 has upended and completely altered the way we use energy. What has been conventional wisdom and consistent for decades has all changed in a matter of months. For the first time since 1960, U.S. consumers have spent more on electricity than on gasoline, representing a dramatic shift in energy usage. Reasons for the shift […]

Millennial Wealth Lagging Previous Generations

Posted on November 26th, 2020

Millennial Wealth Lagging Previous Generations
The Federal Reserve tracks and compiles data on all of the generational members which include the Silent, Baby Boomer, Gen X, and Millennials. The data is revealing that the millennial generation, born between 1981 to 1996, are lacking in their finances. Fed data for the four generations shows that millennials have already accumulated nearly as […]

Millions Hit by Lower Credit Limits

Posted on November 23rd, 2020

Millions Hit by Lower Credit Limits
Millions of Americans are having their credit scores adversely affected by the pandemic, as banks and finance companies modify the extension of credit. As consumers struggle to retain a fragile balance between joblessness, lower wages, and household expenses, lenders are cutting credit limits, lines of credit, and credit card charge limits. The result has been […]

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