The Pulse on the Economy and Capital Markets: Oct 18 – Oct 22, 2021
October 26, 2021
At a glance:
- Overall equity markets remain strong with companies’ earnings driving the upwards momentum.
- With roughly 25% of S&P 500 companies reporting earnings, nearly 80% of companies are doing better than expected.
- Digital advertisers hit a major roadblock due to Apple’s recent iOS switch to require all uses to opt-in to ad tracking.
- The costs for homes are increasing government inflation with the CPI over 30 percent. A key factor in higher rental rate is low inventory.
- Last week the first-ever bitcoin-derivative ETF launched with a buy-and-sell frenzy causing the price of bitcoin to decline shortly after.
- Meanwhile, we are reading about how ESG gains could buy better terms in insurance programs, Apple’s ad changes wiped out $142 billion off online ad giants.
- ESG Gains Could Buy Better Terms in Insurance Program
- Apple’s Ad Changes Wiped $142 Billion off Snap, Facebook, and Other Online Ad Giants
- YouTube is About to Pull its Apps from Roku, and the Fight is Going all the way to Congress
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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.