Daily Market Commentary

February 17, 2021

Bonds & Stocks
Treasury yields hovered around their highest level in a year, while U.S. stocks dropped after strong retail sales and producer-price data fueled optimism in the economy and stoked inflation worries.

Economy
U.S. retail sales surged in January by the most in seven months, beating all estimates and suggesting fresh stimulus checks helped spur a rebound in household demand following a weak fourth quarter.

World
Production at U.S. manufacturers rose in January by more than forecast, a fourth-straight monthly advance that shows factories continue to recover from pandemic-related disruptions last year.

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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