The U.S. continues to make progress against COVID-19 with many businesses reopening across the country. Vaccine eligibility has widened or will soon be widened in all 50 states, over 3 million vaccine doses are being administered daily. As of April 10th, 2021; 35% of Americans have received at least one vaccine dose.
March economic indicators were largely upbeat, the unemployment rate came in at 6%, the lowest rate in a year. While there are some concerns around inflation with annual inflation trending above the Fed’s 2% target, the Fed Board is focusing on the average over time. Inflation trends merit watching in the near-term. In market news, the S&P 500 and some technology stocks reached new record levels by early April.
To offer an overall perspective on the market and what may come next, attached is the April edition of Market Matters.
As always, we continue to monitor market conditions closely, and we’re here to assist you however we can. If you have any questions or concerns, please don’t hesitate to reach out.