Credit is Money - Kuby's Commentary 03.29.2021

The rebound in employment is underway and will be a key driving factor for the anticipated economic recovery. It was another unusual week in the markets, with the S&P 500 gaining 1.57%, while the Nasdaq Composite declined 0.58% and the Russell 2000 fell for the fifth time in the past six weeks, losing 2.8%. The market experienced a sample of how swift and unpleasant the unwind ride can be late last week as shares of Chinese tech giants and U.S. media conglomerates plummeted on block trades by Goldman Sachs and Morgan Stanley. The jobs report for March on Friday will be in focus, with the consensus forecast that the economy added 525,000 nonfarm payrolls. COVID-19 vaccinations are on the rise, but so are coronavirus cases.