The Pulse on the Economy and Capital Markets: Jan 31 – Feb 4, 2022

https://player.vimeo.com/video/674563774

At a glance:

• The markets continue to give us a lesson on what volatility looks like with Nasdaq up 3.4% on Monday and down 3.7% on Thursday
• In the bond market, the yield on the 10-year treasury rose to 1.9%, lowering the values of government and investment grade bonds.
• Meta Platforms (formerly Facebook) disappoints investors with a significant loss in market value due to challenges from Apple’s iOS privacy updates and competition from TikTok.
• The demand for single family homes grows despite existing inventory reaching multi-decade lows. As a result, apartment occupancy and the cost of national rent increases to double digits.
• As it relates to industry news, we’re reading about mortgage rates jumping to the highest level since October 2019, apartment occupancy continues to push upward, Snap shares soar despite Apple’s privacy changes and the ‘Bitcoin Family’ immigrates to Portugal for 0% tax on cryptocurrency.

Related resources:

• Mortgage rates leap toward 4.0%, highest since October 2019
• What winter slowdown? Apartment occupancy continues to push upward
• Snap shares soar more than 58% after earnings show its weathering Apple’s privacy changes
• The ‘Bitcoin Family’ immigrates to Portugal for its 0% tax on cryptocurrencies

Disclosures

Investment advisory services are offered by Aprio Wealth Management, LLC, a Securities and Exchange Commission Registered Investment Advisor.  Opinions expressed are as of the current date (February 8th, 2022) and subject to change without notice. Aprio Wealth Management, LLC shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, the information, data, analyses or opinions contained herein or their use, which do not constitute investment advice, are provided as of the date written, are provided solely for informational purposes and therefore are not an offer to buy or sell a security. This commentary is for informational purposes only and has not been tailored to suit any individual. References to specific securities or investment options should not be considered an offer to purchase or sell that specific investment.

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