A Snapshot of the Market for the Week Ended September 3, 2021:
Market strategists expend a lot of time and effort trying to put numbers on where the market is heading. Of course, this has a lot to do with earnings and interest rates. However, it’s important not to lose sight of valuations. In the week ending September 3, 2021, the S&P 500 registered another all-time high, closing at 4536 for a weekly gain of 0.6% or 27 points. Global equity funds took in another $19.3 billion, building the year-to-date to a whopping $712 billion. Money market funds have $4.3 trillion of idle cash, giving zero returns.
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By Hubert Marleau
By Hubert Marleau
