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

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

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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 (September 28, 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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