Market Notebook


Equities retreated while bonds remained in a strong downward trend during the last week.

“The U.S. LEI continued rising in February, suggesting economic growth should continue well into this year,” said Ataman Ozyildirim, Senior Director of Economic Research at The Conference Board. “Indeed, the acceleration of the vaccination campaign and a new round of large fiscal supports are not yet fully reflected in the LEI. With those developments, The Conference Board now expects the pace of growth to improve even further this year, with the U.S. economy expanding by 5.5 percent in 2021.”

Investors should be on the lookout for inflationary conditions as accelerating real economic activity and inflationary expectations could continue to negatively impact bond prices. It may be an excellent time to review bond allocation levels within one’s portfolio. From a technical perspective, the strong downward trend in bond prices shows no signs of consolidation thus bond prices could continue lower.

Several changes were made to the selected instruments table within the market notebook. MSFT, FICO, DPZ, LAZ, BAM, ADT, and GOOG were removed from surveillance. USPH, KO, EXAS, SRAC, and PLTR were added to surveillance.



Cory Haupt

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