The Pulse on the Economy and Capital Markets: Nov 8 – Nov 12, 2021
November 17, 2021
At a glance:
- Overall higher than expected inflation caused the stock market and bond market to decline while bitcoin and emerging markets increased last week.
- GE and Johnson & Johnson take significant action and break up their company’s structure.
- The ability to work remotely is reshaping the housing market and causing rent increases among warmer and mountain locations.
- The University of Michigan’s Consumer Confidence Surveys came in 10 percent lower than expected. Economists believe it could impact holidays sales.
- Meanwhile, we are reading about how GE plans to break up into three companies focusing on aviation, healthcare and energy, Johnson & Johnson to spin out consumer health business in the newly publicly traded company, shares of electric vehicle start-up Rivian spike on the second day of trading and market cap surpasses GM and wild bidding war erupts at used-tractor auctions across the U.S.
- GE to Break Up into 3 Companies, Focusing on Aviation, Healthcare and Energy
- Johnson & Johnson to Spin Out Consumer Health Business in New Publicly Traded Company
- Shares of EV Start-Up Rivian Spike on Second Day of Trading, Market Cap Surpasses GM
- Wild Bidding Wars Erupt at Used-Tractor Auctions Across the US
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About the Author
Chief Investment Officer At Aprio Wealth Management At Aprio Simeon is the Chief Investment Officer of Aprio Wealth Management and the Director of Aprio Family Office. Simeon brings two decades of professional investing experience in publicly traded and privately held companies, as well as senior-level operating and strategy consulting experiences.