• Economic Update - November 6, 2021

  • Nov 6 2021
  • Length: 10 mins
  • Podcast

Economic Update - November 6, 2021

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  • Summary

  • There was a lot of market-moving economic news this week.
    Wednesday, the Federal Reserve ended their two-day meeting and announced their plan to begin reducing asset purchases. 
    Thursday, the Labor Department reported that weekly initial jobless claims fell by 14,000 to 269,000. 
    Friday, The Bureau of Labor Statistics reported that non-farm payroll employment rose by 531,000 in October.
    Pfizer announced results from their clinical trial of its experimental Covid-19 pill. 
    Former head of the FDA, Dr. Scott Gotlib, said, “By January 4th, this pandemic may well be over, at least as it relates to the United States."
    Portfolio Model changes in October and November.
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