Viewpoints: March 2021
Welcome to Viewpoints, a monthly bulletin from PDS Planning to our valued clients and friends. Our goal with each issue of Viewpoints is to provide you with a wide variety of perspectives on life and wealth. Feel free to share with others.
Economic and Investment News Bits
- Climbing Yields: From its all-time closing low of 0.501% on Monday 3/9/20, the yield on the 10-year treasury note has more than tripled to close at 1.634% on Friday 3/12/21. (PDS Market Commentary)
- Stimulus Checks: 90 million American’s have been fortunate enough to receive the first batch of stimulus checks with payments made directly to their bank accounts. The goal of the IRS is to send 100 million more over the next 10 days. Though, with tax season upon us, there be an added delay. (CNET)
- Who Are You?: Netflix has started cracking down on password sharing after turning an eye for years. They have begun implementing two-factor authentication when logging in, prompting a text to be sent to the account holder. (WSJ)
- Rates Near Zero: Jerome Powell, the Fed Chairman, was quoted as saying “We will continue to provide the economy the support that it needs for as long as it takes.” The plan is to leave rates at near zero through 2023 while continuing to buy bonds from the Treasury, continuing their easy money policy. (New York Times)
Esports vs Sports
It will take a lot to overtake the value of most sports teams within the big four leagues here in the US. But, a handful of the largest esports teams have already grown enough in value to surpass some NHL teams this last year.
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