WEEKLY MARKET SNAPSHOT – MARCH 1ST, 2021
Created by: Sam Tenney
- The 1.9 trillion-dollar stimulus plan has been signed into law by the White House, as of Thursday, March 11th. The bill includes $1,400 in direct payments to US citizens, as well as a large amount of stimulus to help the national rollout of the Covid-19 vaccine. ¹
- With next week being 1 year since the bottom of the Covid-19 bear market, JP Morgan analysts comment on future market expectations: “Historically, small caps tend to outperform large caps in the first year of a bull market, while trends during the second year have been more mixed in terms of large cap vs. small cap and growth vs. value. We continue to expect value to outperform growth this year as the earnings of financial, industrial and energy companies are much more levered to an economic restart.”²
- For the first time since February 2020, Covid-19 is no longer the top worry of fund managers, having been replaced by “Inflation fears” and “Bond yields” for the top 2 worries, according to the Bank of America Fund manager survey for March 2021.³
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