The Monday Mix: June 7 – 13, 2021
Headlines discussed at LNWM’s Monday morning briefing:
— US consumer prices jumped 5% in May, fastest pace since August 2008; inflation mostly in sectors disrupted by the pandemic and expected to subside.
— Lumber prices are down 40% since record high of May 10, to roughly $1,059 per 1,000 board feet ($200 to $600 is price range since 1992).
— US consumer sentiment rebounded in early June (to 84 from 82 on a key index); cost of housing, cars and other durable goods a headwind.
— Nearly 4 million quit their jobs in April on optimism they can find better work, as US job openings hit 9 million, a record high.
— El Salvador became first country to adopt Bitcoin as legal tender.
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.