March Roars Like a Lion – April 8, 2021

The U.S. BLS reported nonfarm payrolls soared by 916,000 in March.

Two key measures of the manufacturing and service sectors provided by the Institute for Supply Management came in well above expectations in March.

• Manufacturing—best reading since the early 1980s
• Services—best reading ever

It’s good news—but why is it occurring?

Stimulus money helps, but the rollout of the vaccines has accelerated, a greater number of people are more comfortable going into public places, and social distancing restrictions are being relaxed.

In equation form: cash + vaccines + greater confidence = growing economy

Bottom line

Stocks have warmed to the reopening narrative.

Those who have maintained diversified investment portfolios have benefited from the strong advance in stocks.

But yesterday’s gains do not always translate into tomorrow’s market. Put another way, past performance is not a guarantee of future results.

That is why we continue to recommend diversified holistic financial plans tailored to your financial goals.

If you are adhering to such a plan, we congratulate you because you have chosen the narrow path.

Created 2021-04-08 22:40:54