Weekly Market Snapshot – May 17th, 2021
Created by: Sam Tenney
- Unfilled job openings have surged over the past 6 months, rising to the highest recorded level on record with 8.1 million current job openings. Unemployment however remains high, at around a 6.1% current unemployment rate.¹
- With more than 90% of S&P 500 market cap having reported earnings, JP Morgan estimates 1Q21 operating earnings per share (EPS) coming in at $47.29, representing a year-over-year growth of 143%.²
- Consumers have discharged more credit card debt in 1Q21 then any other period on record, drawing down total credit card balances by $49 Billion in the quarter. This highlights the increased economic uncertainty consumers currently face, making them less likely to take on high interest-bearing debt.³
Please note by using any of the links provided for your convenience, you will be leaving Fidelis Wealth Advisors website. The hyperlinks are to websites and servers maintained by third parties. We do not control, evaluate, endorse, or guarantee content found in those sites. Your use of such sites is at your own risk.
This blog is general communication being provided for informational purposes only. This information is in no way a solicitation or offer to sell securities or investment advisory services. It is educational in nature and not to be taken as advice or a recommendation for any specific investment product or investment strategy. This does not contain sufficient information to support an investment decision. Any investment or investment strategy mentioned may not be suitable for all investors or in their best interest. Statistical information, quotes, charts, references to articles or any other quoted statement or statements regarding market or other financial information is obtained from sources which we believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. All rights are reserved. No part of this blog including text, graphics, et al, may be reproduced or copied in any format, electronic, print, et al, without written consent from Fidelis Wealth Advisors, LLC. Fidelis Wealth Advisors does not provide legal or tax advice. Please be advised to consult with your investment advisor, attorney or tax professional before making any investment decisions.