Sam

Stacked lumber

Housing Market Cooling

Housing market looks to be cooling as existing home sales dropped by 0.9%. Lumber is down 60% from recent highs. Earning season picks up this week with reports from airlines, railroads, drug companies and technology.

Headshot of Thomas Knight

AMP’S 2021 FUTURE 50

Arkansas Money & Politics is proud to showcase its Future 50 for 2021. The Future 50 represents those Arkansans — business, political, cultural leaders — recognized by AMP readers as poised to do big things in their fields.
They could be up-and-comers, business leaders already established or industry veterans who have switched fields. But they all share one thing in common — from them, big things are expected. Highlighted by the subject of this month’s cover, Rock Dental Brands CEO Kristi Crum, this year’s Future 50 installment runs the gamut of Arkansas industry, from tech startups to government service.

Wet green apple on yellow background

Apple Driving Market Rally

Last week, meme stocks grabbed the headlines while stocks in general inched to record highs. Read more about upcoming economic reports and possible Fed responses in the Week Ahead.

2021 MEN of DISTINCTION

Bill Sowell and his wife, Cindy, have worked side-by- side together for more than 20 years. The duo have made Sowell Management one of the most successful and trusted investment firms in the entire state. Outside of dollar signs and portfolios, Sowell enjoys golfing, boating and duck hunting.

Businessman standing in front of giant bull shadow

Fed’s Comments Push Equities Up

Sowell acknowledged that inflation had increased notably in recent months, but he reiterated that he saw it as transitory due to supply issues and the reopening of the economy. He believes the labor market has a long way to go and needs continued support. The bullish comments on supporting the economy for as long as it takes pushed equities higher for the week.

Hawk

Fed Views Looking Hawkish by 2023

On Wednesday, the Fed raised its inflation expectations, saying that it is considering tapering its purchases of Treasuries and mortgage securities and showed a slightly more hawkish view towards 2023 rate hikes. Read more about expectations associated with Powell’s upcoming congressional testimony.

Front of car in parking lot

Used Car/Truck Prices Spike

The demand for used cars and trucks has surged as semiconductor shortages have crippled new car production and populations have shifted to suburbs. Read more about what is driving consumer prices up in the Week Ahead.

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Meme Stocks Grabbing Headlines

Last week, meme stocks grabbed the headlines while stocks in general inched to record highs. Read more about upcoming economic reports and possible Fed responses in the Week Ahead.

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