Spectrum Financial Alliance
Retail sales & first-time unemployment claims exceeded economists’ expectations!

Retail sales & first-time unemployment claims exceeded economists’ expectations!

Retail sales exploded in March, as consumers used stimulus checks to spend heavily, and first-time unemployment claims plunged. Both of today’s reports heavily exceeded economists’ expectations!!

  • Retail sales boomed 9.8% higher in March: Economists expected a gain of 6.1%!
  • The US Labor Department reported 576,000 new jobless claims for the week ended April 10! This represented a sharp decline from the previous week’s total of 769,000 - the Dow Jones claims estimate was 710,000.

We stated on August 11th, 2020, in a social media post that, “On top of the $10 trillion of stimulus already applied to the economy, there is a fourth stimulus package coming very shortly (likely to replace President Trump’s executive orders) that is expected to be an equivalent of an additional $1 trillion or more. This is a virtual tsunami of stimulus for our economy and should strongly move our clients’ portfolio values.”

We also stated on December 31, 2020, in our year-end wrap up video, that “We also believe our total investment returns this coming year will be greater than average for SFA clients. In summary, we project above average GDP growth, continued job growth, and higher than normal investment returns.”

We were right! Year to date, OUR AVERAGE CLIENT ACCOUNTS HAVE APPRECIATED 14.33%* COMPARED TO DOW JONES OF 10.21%, AS OF APRIL 14TH, 2021!!

This is great economic news! Onward and upward!


Source: https://cnb.cx/2PXQRw9

8/11/2020 Social media post: https://bit.ly/3diQ1CK

12/31/2020 video: https://bit.ly/3uSZUx8

#invest #economy #financialplanning #stockmarket

*Full listing of all disclosures (bit.ly/3lGX3mM)

Share:

SIGN UP TO CONTINUE READING

We often share information pertaining to the most recent topics in order to give guidance, feedback, and opinions that may be helpful. It is critically important that you take a moment to subscribe and connect with us on our social media pages!

Important Client Disclosures:

All client performance data is calculated by Morningstar, Inc. and reported net of all client costs.  Morningstar, Inc.  is an independent company that provides investment research and data validation. All performance results shown are net of Spectrum’s management fees, which vary from 0.9% - 1.50% per annum (as disclosed in Spectrum’s Form ADV Part 2). Fees may be negotiable based on many factors including potential referrals, relationship to a current Spectrum client, future likely additions to the account, etc. The performance results also reflect the reinvestment of any dividends, capital gains, other earnings, and the subtraction of applicable fees. Spectrum does not make any representation that client accounts will or are likely to achieve returns similar to those shown above. Clients and/or prospective clients should understand that PAST PERFORMANCE MAY NOT BE INDICATIVE OF FUTURE RESULTS. For additional information about Spectrum Financial Alliance, including fees and services, send us a request for our disclosure statement of Form ADV Part 2 or it can be found on our website free of charge at https://spectrumalliance.com/. Please read the disclosure statement carefully before you invest or send money. 

SIGN UP TO CONTINUE READING

We often share information pertaining to the most recent topics in order to give guidance, feedback, and opinions that may be helpful. It is critically important that you take a moment to subscribe and connect with us on our social media pages!