Wed. Dec 8th, 2021


© Reuters. Could the prolonged lack of workers affect the stock market?

The S&P 500 (SPY) won last week as investors continue to ignore the news of the coronavirus spread. Overall, value stocks outperformed their growth counterparts as it led the materials sector. Energy stocks fell due to concerns that rising infections could weigh on global demand. Technology stocks also fell due to the downturn in the semiconductor industry, which was under pressure with concern about the potential weakness in memory prices. There is so much more to discuss, which I will discuss below …. (Please enjoy this updated version of my weekly commentary on the POWR Value newsletter).

Even with the rise of the delta variant, the economy is advancing. The July employment report showed substantial progress towards full employment, as 943,000 wage jobs were added and the unemployment rate fell to 5.4%.

However, 9 million Americans remain unemployed and last week’s report on job openings and the Workload Survey (JOLTS) showed that the number of jobs Labor is now more than the number of unemployed Americans at 1.3 million.

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