The Pulse on the Economy and Capital Markets: Nov 8 – Nov 12, 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.

Related resources

• 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

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 (November 16th, 2021) 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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