Amid Strong Crosscurrents, Stocks Sank 2.5% This Past Week

Published Friday, February 26, 2021 at: 8:10 PM EST

With bond yields rising to pre-Covid levels, it was no big surprise when stocks weakened this past week. While stock market volatility is unpredictable, it is understandable in this time of strong crosscurrents.  The index of U.S. Leading Economic Indicators rose again in January, while disposable income and savings spiked on stimulus payments from the government to consumers. However, the yield on a 10-year U.S. Treasury bond continued rising and resulted in a one-week loss in the Standard Poor’s 500 stock index of 2.47%. Rising bond yields, the growing threat of inflation, federal aid packages in the trillions, and the pandemic are strong...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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