Market Notebook

by | Oct 24, 2021

Discussion – 

Equities powered higher last week while bonds slid towards potential support.

The Conference Board’s Leading Economic Index increased in September, suggesting the real economy remains in expansion mode. Although the real economy is still expanding, the rate of expansion slowed in September. According to The Conference Board’s report, “The Delta variant, rising inflation fears, and supply chain disruptions are all creating headwinds for the US economy.

Given rising concerns regarding inflation, beware of adding to bond positions. It may be prudent to underweight bonds when rebalancing.

The first U.S.-approved Bitcoin ETF started trading last week under the ticker BITO. This ticker has been added to the currency section of this report.

All the best in the week ahead.