Markets in Review | Week ending 03/05/2021
Equities were mixed with large caps up for the week but small cap & growth stocks down. Growth stocks continue to struggle as rates continue to rise.
Equities were mixed with large caps up for the week but small cap & growth stocks down. Growth stocks continue to struggle as rates continue to rise.
On March 1, the Ultra-Millionaire Tax Act was introduced. If passed, certain affluent families could see their tax obligation increase.
Stocks fall for the first week in the last three, but are still near all-time highs. The 10-year UST yield hit 1.18%, its highest since March, before falling back to 1.08%.
Much happened in 2020: we opened with the longest bull market & economic expansion in America's history, only to see a pandemic shutdown the economy
Equities ended the week, and the year, at new record highs, and Small Caps broke their eight week winning streak.