MWM Weekly Update

The Week of April 19, 2021

MWM Weekly Update

The Week of April 19, 2021

“Here comes the sun, and I say it's all right.”
The Beatles

Greetings Everyone,

My Facebook is full of beautiful posts of people taking road trips, hiking and gardening. It seems like everyone is embracing this wonderful weather and getting outside. All nature awakens with new life after such a tough winter.  I’m enjoying the hanging baskets on our porches filled with fuchsias, begonias, petunias and more. The varied bright colors will attract hummingbirds, butterflies, bees and small birds. We are blessed.

The Rice Museum to Reopen
For the past six years I’ve been an executive board member of the Rice NW Museum of Rocks and Minerals. With Covid restrictions, a bad flood in the basement of the lovely mid-century building and limited income from visitors and school tours, it has been a huge challenge for the museum and yet it provided an opportunity for something better. My father used to say, “Find that pony in the horse manure,” and I believe the Rice did just that. The museum executive director, Aurore Giguet, the staff, volunteers and board reimagined the building and grounds. It’s a work in progress I believe visitors will enjoy when the museum reopens in May. The Rice Museum closed an international online fundraising auction Saturday which was a huge success and may become a tradition in the future.

Earth Day is April 22nd
Let’s think about going a little GREENER at home to honor Earth Day.  Here’s a couple of ideas:

  • Composting: It will help create your own natural fertilizer.  Composting bins help keep the mess and smells confined outdoors.  Visit
  • Farm Fresh:  Support your local farmers and growers.  You can find local agriculture services that bring local produce to your home.  You’ll eat what’s in season and help the local growers.  (I’ve always loved our Farmer’s Markets too.)
  • Junk Mail:  Does a lot of your mail go straight to the recycling bin every week?  You can write to the Direct Marketing Association Preference Service and request your name be dropped from mailing lists.  Also, you can ask companies that send you catalogs or even charities to mail you only one time a year.
  • Remodeling?  You can plan new construction or remodeling with sustainable materials in mind. Just a few changes can make a difference.

It might sound somewhat strange, the word for one piece of spaghetti is spaghetto. The same goes for a single piece of confetti, which is confetto, as well as a single piece of graffiti, which is graffito, according to Merriam-Webster’s dictionary.

Judith McGee, L.H.D., CFP®, ChFC

Senior Lead Advisor

In the Markets

  • Stocks ended the first day of trading last week in the red, falling from their record highs of the prior week, as investors await the start of corporate earnings season. Among the indexes, both the Russell 2000 and the Nasdaq (-0.4%) led the decline, followed by the Dow (-0.2%), the Global Dow (-0.1%), and the S&P 500, which broke even on the day. Treasury yields inched higher, while the dollar dipped. Crude oil prices rose, but remained below $60.00 per barrel. Market sectors were mixed, with consumer discretionary, real estate, and consumer staples pushing higher, while energy, communication services, and information technology fell.
  • Tech shares pushed the Nasdaq up 1.1% last Tuesday. The S&P 500 gained 0.3% and the Global Dow inched up 0.1%. The Russell 2000 and the Dow dipped lower. Yields on 10-year Treasuries dropped more than 3.0%, the dollar sank for the second consecutive day, while crude oil prices rose to over $60.00 per barrel. Information technology, consumer discretionary, utilities, real estate, and health care gained, while industrials, energy, materials, consumer staples, and communication services declined.
  • Last Wednesday saw tech stocks retreat from their surge the prior day. Stocks were otherwise mixed, with the Nasdaq (1.0%) and the S&P 500 (0.4%) lagging, while the Russell 2000 (0.8%), the Global Dow (0.7%), and the Dow (0.2%) posted gains. Treasury yields and crude oil prices advanced. the dollar dipped. Energy led the sectors, gaining 2.9%, with financials, materials, and utilities climbing modestly. Consumer discretionary and information technology each fell 1.2%.
  • Stocks reached record highs last Thursday, while Treasury yields fell by the most since February. Strong economic reports, headlined by record retail sales in March coupled with a significant drop in weekly unemployment claims, offered signs that economic recovery from the pandemic is accelerating. The Nasdaq (1.3%), the S&P 500 (1.1%), and the Dow (0.9%) each reached all-time highs. Yields on 10-year Treasuries plunged 6.6%. Crude oil prices continued to increase, while the dollar was mixed. Only energy failed to close the day in the black as each of the remaining market sectors advanced, led by real estate (1.95%), information technology (1.8%), and health care (1.7%).
  • Equities closed last week on an upswing, with each of the benchmark indexes gaining ground. The S&P 500 led the way, climbing 1.1% to reach yet another record high. The Dow gained 0.9% and the Global Dow advanced 0.6%. The Russell 2000 added 0.4%, while the Nasdaq inched up 0.1%. The yield on 10-year Treasuries plunged 6.6%, while the dollar and crude oil prices dipped. Most of the market sectors advanced last Friday, led by materials, utilities, consumer discretionary, and health care. Energy underperformed, falling nearly 1.0%.
  • Last week, investors were confronted with a pause in the distribution of the Johnson & Johnson COVID-19 vaccine, the potential for rising inflation, and the likelihood of higher taxes to offset the burgeoning government budget deficit. Nevertheless, strong first-quarter corporate earnings reports coupled with positive economic reports provided enough encouragement for investors to continue to trade. Each of the benchmark indexes advanced last week. A strong performance by Chinese stocks helped push the Global Dow up 1.5%, followed by the Nasdaq, the S&P 500, the Dow, and the Russell 2000. Prices for Treasuries climbed, driving yields lower. Crude oil prices pushed well past $60.00 per barrel, gold prices rose, while the dollar fell. Utilities, materials, health care, real estate, and consumer discretionary each gained at least 2.0% on the week to lead the market sectors. The Russell 2000 continues to lead the indexes, year to date, followed by the Global Dow, the Dow, the S&P 500, and the Nasdaq.


The housing sector is front and center this week with the release of the March figures for sales of both new and existing homes. The housing market took a notable dip in February following several months of burgeoning results. Existing home sales plunged 6.6% in February and new home sales sank 18.2%. As inventory of available homes for sale increases, the pace of sales is expected to ramp up again.

Source: Broadridge Investor Communication Solutions, Inc.

Articles & Education

How I Navigated The Healthcare System Alone When My Husband Was Diagnosed With Cancer

I was suddenly in charge of … everything. Here’s a look at how I navigated the healthcare system to get to a better place financially.

5 Steps to Take Back Control After COVID-19

Women have been disproportionately impacted by COVID-19, so it’s no surprise that the pandemic has changed how many women think about money.
Investment Term of the Week

Thought of the Week

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Making Life a Richer Experience