Monday Market Commentary 3-29-2021

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The S&P 500 continued to have mixed performance last week, mostly coinciding with the direction of long-term interest rates. The market eventually finished the week up +1.6%, as long-term Treasury yields fell slightly, after closing at their highest yields in a year the week prior. This week, we also got insights on the housing market, with Existing Home Sales from the National Association of Realtors and New Home Sales from the Department of Housing and Urban Development, as well as more insights into consumer spending and inflation with the release of the Disposable Income and Personal Consumption Expenditures from the US Bureau of Economic Analysis. On the political front, President Biden held his first live press conference since taking office, and the Treasury Secretary and Fed Chairman testified before Congress on the status and implementation of the CARES Act and other stimulus to date. Read on for more of this week’s market commentary, and you can find all the previous Monday Market Update’s here. You can now also get the weekly headline highlights on Finance Explained, my new podcast.

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About Meghan

Meghan spent nearly a decade as a Financial Analyst, before spending the last 7+ as a SAHM to three little ones. She shares simple money tips for moms to help your family reach your financial goals by building a financial plan you can LIVE with! You can learn more about her background in finance, catch her daily on Instagram and Facebook, and her weekly live discussions in her community for Family Finance Moms.

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