Investors had a lot to be enthusiastic about last week.
Major stock indices in the United States soared, finishing the week higher and setting new records along the way, reported Al Root of Barron’s. There was plenty of good news to fuel investor optimism:
Despite last week’s positive news, Ben Levisohn of Barron’s cautioned:
“The combination of trillions of dollars of fiscal stimulus, ultralow interest rates, and a newfound sense of liberation means the U.S. economy in coming months will be unlike any the country has experienced in decades. Growth will be faster. Inflation will run hotter. The job market could bounce back more speedily than even the Fed expects. This environment won’t be easy for investors to navigate…For those who can pivot as the market shifts, however, multiple opportunities await.”
There is another concern, as well. COVID-19 continues to mutate, and it remains to be seen whether vaccines will prove effective against new strains.
The one-year numbers in the performance table below are noteworthy and reflect the strong recovery of U.S. stocks from last year’s coronavirus downturn to the present day.
Big plans for the moon. The Outer Space Treaty of 1967 set forth principles making space – including the moon and celestial bodies – the province of all mankind. It confirmed the exploration and use of outer space should benefit all people. Here are a few of the plans various nations have for the moon:
The moon isn’t the only part of space nations on Earth plan to explore more fully. The United Arab Emirates put a scientific satellite into orbit around Mars in February, according to The Washington Post. The new space race is here.
Weekly Focus – Think About It
“I would like to die on Mars. Just not on impact.”
--Elon Musk, Entrepreneur and businessman
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* This newsletter was prepared by Carson Coaching. Carson Coaching is not affiliated with the named firm or broker/dealer.
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* The Bloomberg Commodity Index is designed to be a highly liquid and diversified benchmark for the commodity futures market. The Index is composed of futures contracts on 19 physical commodities and was launched on July 14, 1998.
* The DJ Equity All REIT Total Return Index measures the total return performance of the equity subcategory of the Real Estate Investment Trust (REIT) industry as calculated by Dow Jones.
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* Yahoo! Finance is the source for any reference to the performance of an index between two specific periods.
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* There is no guarantee a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
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* Consult your financial professional before making any investment decision.
https://www.barrons.com/articles/higher-rates-wont-kill-the-stock-market-what-to-do-now-51615599362?refsec=the-trader (or go to https://resources.carsongroup.com/hubfs/WMC-Source/2021/03-15-21_Barrons-Higher_Rates_Wont_Kill_the_Stock_Market-What_to_do_Now-Footnote_1.pdf)
https://www.barrons.com/articles/as-the-covid-19-pandemic-fades-the-u-s-economy-could-soar-51615592979 (or go to https://resources.carsongroup.com/hubfs/WMC-Source/2021/03-15-21_Barrons-As_COVID_Wanes_the_US_Economy_could_Soar-What_that_Means_for_Investors-Footnote_7.pdf)
https://www.washingtonpost.com/business/new-space-race-shoots-for-moon-and-mars-on-a-budget-quicktake/2021/02/18/661c1c0a-7243-11eb-8651-6d3091eac63f_story.html (or go to https://resources.carsongroup.com/hubfs/WMC-Source/2021/03-15-21_TheWashingtonPost-New_Space_Race_Shoots_for_Moon_and_Mars_on_a_Budget-QuickTake-Footnote_14.pdf)