Posted on August 11, 2021
The United States economy is on its way to recovery from the COVID-19 pandemic. GDP growth, historically highest number of job openings, decreasing unemployment, growth in corporate earnings all point to a revival. We have some more good news: one of the most trusted economic indicators in the United States reached an all-time high in July. We are talking about the ISM Services PMI.
Posted on April 30, 2021
The World Health Organization declared the outbreak of COVID-19 a pandemic on 11 March 2020. Therefore, the pandemic has been in place for a year. There is no doubt that the year has been challenging in many ways. However, we find that the economic crisis was less dramatic than predicted a year ago.
Posted on January 11, 2021
Without a doubt, 2020 was a very tough year for each and every economy of the world. Understandably, the global stock markets were affected as well: just remember the stocks tumble in February and March. On March 23, S&P 500 closed almost 31% below the level it had at the beginning of the year. However, stock markets recovered relatively quickly in general. Given the enormous economic impact of the COVID-19 pandemic, 2020 was an unprecedented year of stock price growth.
Posted on November 12, 2020
The 2020 presidential election took place on November 3, 2020. Several major media outlets declared Biden the president-elect on November 7. Although we will have to wait for the official results, it seems that Joe Biden will be the 46th president of the United States. What does it mean to markets and to the economy?
Posted on October 09, 2020
With over 35 millions cases and over 1 million deaths worldwide, the COVID-19 pandemic has dramatically affected the global economy and obviously the stock markets. United States are in the lead with more than 7.5 millions of cases and over 200 thousand deaths. Several leading figures in global politics have been among people infected, here are some of the cases: Prince Albert II of Monaco, UK prime minister Boris Johnson, prime minister of Russia Mikhail Mishustin, president of Brazil Jair Bolsonaro, French finance minister Bruno Le Maire, former president of India Pranab Mukherjee. Donald Trump joins the list of leading politicians who contracted coronavirus, First Lady Melania Trump has tested positive as well. What does that mean for the stock markets?