top of page
Strength of the Market
a weekly blog on what's happening in Financial Markets
Search

The Strength of the Market is: Strong

Stocks dropped sharply on Friday on fears of the new Covid variant, called Omicron or B.1.1.529 - the worst one-day stock market drop of 2021. Quickly, many countries restricted travel including the US, UK, EU and Canada. In addition, oil prices tumbled 12%, bitcoin dropped 8% and travel-related stocks were hit hard. On the flip side, vaccine makers and stay-at-home stocks gained. Still, very little is known about the newest strain and its market implications.


Economic reports from last week came back mostly positive: •National Activity - worse than expectation •Existing Home Sales - better than expectation •Manufacturing (Richmond) - in-line with expectation •Jobless Claims - better than expectation •Consumer Sentiment - better than expectation •New Home Sales - worse than expectation This week, investors will look for guidance from economic reports like Pending Home Sales, Manufacturing, House Prices, Consumer Confidence, Employment, Construction Spending, Vehicle Sales and Jobless Claims.

 
 
 

Comments

DISCLOSURE​  

WARRANTIES & DISCLAIMERS  There are no warranties implied. 

Hygge Advisors, LLC (“RIA Firm”) is a registered investment adviser located in St. Petersburg, FL. Hygge Advisors, LLC may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Hygge Advisors, LLC’s web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Hygge Advisors, LLC’s web site on the Internet should not be construed by any consumer and/or prospective client as Hygge Advisors, LLC’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Hygge Advisors, LLC with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of Hygge Advisors, LLC, please contact the state securities regulators for those states in which Hygge Advisors, LLC maintains a registration filing. A copy of Hygge Advisors, LLC’s current written disclosure statement discussing Hygge Advisors, LLC’s business operations, services, and fees is available at the SEC’s investment adviser public information website – www.adviserinfo.sec.gov or from Hygge Advisors, LLC upon written request. Hygge Advisors, LLC does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Hygge Advisors, LLC’s web site or incorporated herein, and takes no responsibility therefor. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.  This website and information are provided for guidance and information purposes only. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy. This website and information are not intended to provide investment, tax, or legal advice.

bottom of page