Capital Markets Weekly Update

Things That Make You Go Hmmm… By: George Boyan U.S. Nonfarm Payrolls recorded a gain of 661 thousand jobs for the month of September, missing expectations of 859 thousand.  Also, the unemployment rate ticked down from 8.4% to 7.9%.  Cumulatively, the U.S. economy has recovered 11.4 million of the 22.2 million jobs lost during the … Read more

CAPITAL MARKETS WEEKLY UPDATE

Things That Make You Go Hmmm… By: George Boyan Every four years, the uniquely American Presidential election causes the political climate in the United States to heat up.  Last week President Trump and former Vice President Joe Biden took to the stage to make their case to the American people.  Just a few days later, … Read more

Capital Markets Weekly Update

Macro Commentary:  CPI month-over-month beat expectations last week on Friday, coming in at 0.4%. This larger than expected increase in prices was driven by the sharpest monthly gain in used-vehicle in five decades. This data reflects the steady increase of demand and recovery of the economy to pre-pandemic levels of inflation. 16,750 firefighters were fighting … Read more

Reading List

Greetings, Welcome to the latest edition of Leumi’s Reading List.  I hope that you and your loved ones are healthy and out of harm’s way.    From this morning’s New York Post:  “Amid a pandemic, economic woes and a raging campaign season, as well as nationwide and too-often-violent protests, New Yorkers, and all Americans, should … Read more

Capital Markets Weekly Update

Macro Commentary:  This past Friday, Nonfarm Payrolls increased by 1371k, in line with expectations. The unemployment rate was 1.4% lower than expectations at 8.4%. These employment numbers continue to reflect growth from the peak of joblessness in April, which was nearly 15%. Today, Senate Majority Leader said that he will be preparing a vote on … Read more

CAPITAL MARKETS WEEKLY UPDATE

Macro Commentary:  Month over month CPI came in at 0.6% on Wednesday, above market estimates of 0.3%. Auto and apparel led the gain in prices, rebounding from the low-points of the lockdowns. Although gaining in prices, auto sales were weak in July, dragging down Friday’s retail sales number to 1.2% after survey estimates predicting 2.1%. … Read more

WEEKLY READING LIST

Greetings, Welcome to the latest edition of Leumi’s Weekly Reading List. I hope that you and your loved ones are healthy and out of harm’s way. While today’s interest rate environment is quite beneficial to those looking to refinance their mortgages, it is equally detrimental to those looking for income. Therefore, we begin this week’s … Read more

CAPITAL MARKETS WEEKLY UPDATE

Macro Commentary:  The macroeconomic data continues to come in better than feared, and in some cases actually quite good.  The Labor Department reported 1.76 million jobs were added back to the economy in July (vs 1.48 million expected) and the unemployment rate ticked down to 10.2% (versus 10.6% expected) down from last month’s 11.1% reading.  … Read more

Leumi Small Business Initiative

COVID-19 is an unprecedented global pandemic that has changed the world and created new norms. Very quickly, it went from not only a medical pandemic but also a financial one. Many businesses are now experiencing shock they may not recover from. The journey towards recovery is going to be long, and as New York is … Read more

CAPITAL MARKETS WEEKLY UPDATE

Macro Commentary:  Moderna Inc.’s Covid-19 vaccine has become the first to be tested in a large scale study in the U.S. The vaccine will be tested at 89 U.S. sites and have 30,000 test participants. Dr. Anthony Fauci says early results could be available by November or December. Senate Republicans unveiled their next stimulus package … Read more