Weekly Investment Update

US stocks marched higher during the shortened Thanksgiving trading week, with the S&P 500 ending at an all-time high and the Dow Jones Industrial Average cresting above 30,000 for the first time ever[1].  This week, the U.S. Bureau of Labor Statistics will release the November employment report.  Economists anticipate that the US economy will have added approximately 450,000 jobs during the month, though the total number of those employed in the US remains significantly below the pre-pandemic peak in January of 2020.  The headline unemployment rate is expected to remain relatively unchanged at 6.8% and the total unemployment rate (when accounting for those who are part-time for economic reasons) was more than 12% of the US labor force as of October.  That is nearly double the rate in January, though significantly lower than the nearly 23% rate at the height of the stay-at-home orders in April.

 

Key Economic Releases This Week

Asset Class Returns

Prices & Interest Rates

[1] Source: Morningstar

Past performance may not be representative of future results.  All investments are subject to loss.  Forecasts regarding the market or economy are subject to a wide range of possible outcomes.  The views presented in this market update may prove to be inaccurate for a variety of factors.  These views are as of the date listed above and are subject to change based on changes in fundamental economic or market-related data.  Please contact your Financial Advisor in order to complete an updated risk assessment to ensure that your investment allocation is appropriate.