The Pulse on the Economy and Capital Markets: September 20–24, 2021

September 28, 2021

At a glance

Last week, markets opened down as the Evergrande debt crisis loomed, by week’s close, US markets were up as the Fed announced decreasing bond purchases. The economy indicates continued growth – but slowing.

  • Spiking input costs are causing lost sales and potentially pinching margins as companies raise prices to try to mitigate the impact.
  • A Rollercoaster week in the Markets as China’s real estate development credit crisis caused an overall 2% drop, tanking Emerging Market stocks. The market stabilized by week’s end.
  • The Fed’s announcement to start decreasing bond purchases later this year increase 10-year bond interest rates, and investor confidence in the US economy.
  • The People’s Bank of China declares all (off-shore and on-shore) crypto transactions illegal. Crypto values plummeted. Crypto investors – expect volatility.
  • Manufacturing vs Services: Manufacturing expectations tied to backlogs reflect growth expectations, while Services indicate declining demand from rising Delta cases.
  • We’re reading about China bitcoin holders scrambling to protect their assets, the fight to control the $2 Trillion Crypto market, and how many cargo containers are stuck off California’s coast?

Related resources:


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About the Author

Simeon Wallis

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.