Daily Market Commentary

April 28, 2021

Bonds & Stocks
U.S. equities were mixed in early trading as investors parsed the latest batch of corporate earnings reports and awaited clues on the timing of stimulus tapering by the Federal Reserve.

Federal Reserve Chair Jerome Powell is expected to maintain aggressive U.S. economic support, even as faster vaccinations have brightened the outlook for recovery.

The deficit grew to $90.6 billion from $87.1 billion in February, according to Commerce Department data released Wednesday. Economists in a Bloomberg survey had called for an $88 billion shortfall in March.

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy, or when to buy or sell.

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