coffee cup

The Monday Mix: May 3 – 9, 2021

Headlines discussed at LNWM’s Monday morning briefing:

The US economy added only 266,000 jobs in April vs. more than 1 million expected; 8 million more jobs need to be added to return to pre-pandemic levels.

Chinese exports (+32%) and imports (+43%) both surged in April vs. 12 months ago when the pandemic stymied global trade; commodities big chunk of imports.

US consumer lending via credit cards, auto and student loans rose at a 7.5% annualized rate in April, the 2nd month in a row of high increases.

The UK economy is expected to grow 7.5% in 2021, after shrinking by nearly 10% in 2020 (biggest drop in 300 years).

A ransomware digital attack on a major US pipeline operator caused gasoline prices to hit a three-year high in eastern states.

Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.