A Snapshot of the Market for the Week Ended March 26, 2021:
The market had several false dawns of late with new concerns about inflation and interest rates running around. Indeed it may be naive to be too overconfident. Moreover, several economic prints relating to housing, factory orders and manufacturing surveys which were seemingly affected by the Texas freeze were generally disappointing. Meanwhile the Federal Reserve reported that growth of the money supply in February slowed from 18.2% over the last 12 months to an annual rate of 12.8% and 7.2% over the last six and three months respectively.
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By Hubert Marleau
By Hubert Marleau