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May 10-14, 2021 Recap Inflation Fears Make Investors NervousEquity Markets Slip For the Week… Inflation Runs Hot Most Sectors Decline Treasurys Yields Flat | |
The Latest from @CeteraIM | |
Economic CalendarMonday, May 17 Tuesday, May 18 Wednesday, May 19 Thursday, May 20 Friday, May 21 | |
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Inflation rose faster than expected in April. Core CPI, which excludes food and energy, surged 0.9% versus March, well ahead of expectations (0.3%). The rise in core CPI last month was the strongest since 1982. Areas of the economy that are benefitting from reopening had outsized price gains last month, including car rentals (+16.2%), plane tickets (+10.2%) and hotels (+7.6%). While these price increases are tied to the reopening of the economy and are not sustainable indefinitely, there are risks for equity valuations and bond prices if inflation heats up faster than expected in the months ahead. | |
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No single commodity can comprise less than 2% or more than 15% of the index; and no group can represent more than 33% of the index. The S&P GSCI Crude Oil Index is a sub-index of the S&P GSCI, provides investors with a reliable and publicly available benchmark for investment performance in the crude oil market. The S&P GSCI Gold Index, a sub-index of the S&P GSCI, provides investors with a reliable and publicly available benchmark tracking the COMEX gold futures market. The U.S. Dollar Index is a weighted geometric mean that provides a value measure of the United States dollar relative to a basket of major foreign currencies. The index, often carrying a USDX or DXY moniker, started in March 1973, beginning with a value of the U.S. Dollar Index at 100.000. |
Weekly Recap | May 17, 2021
