Economic Update November 2021

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It’s that time again – let’s take a look at where our economy is at the end of the year and what we can expect for next quarter.

The stock market is up 24.8% (S&P) from last year. A bull market climbs a wall of worry and there are many things in the media to make us worry – but the market keeps chugging along.

Interest rates are also really low, so there has been a boom in home buying and refinancing. Technology has advanced faster due to the Covid shutdown. Some experts are saying we are about 10 years ahead than we would have been without the shutdown.

Where is the stock market compared to corporate earnings? Price to earnings ratio is about 21.4%.

Basically, this means that the market is optimistic for growth and earnings.

Listen to the full episode for more info and advice on how to plan your finances for the coming year.

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