The Pulse on the Economy and Capital Markets: Oct 18 – Oct 22, 2021

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The Pulse on the Economy and Capital Markets: Oct 18 – Oct 22, 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.

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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 (October 26th, 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.

This commentary contains certain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially and/or substantially from any future results, performance or achievements expressed or implied by those projected in the forward-looking statements for any reason.

No graph, chart, or formula in this presentation can be used in and of itself to determine which securities to buy or sell, when to buy or sell securities, whether to invest using this investment strategy, or whether to engage Aprio Wealth Management, LLC’s investment advisory services.

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