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Weekly Chartbook

By: Aaron Lang - Portfolio Analyst

August 17, 2021

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Market Performance For The Prior Week

Source: YCharts
Disclaimer: Past performance is no guarantee of future performance

The Good News

2Q earnings keep pouring in above estimates

Source: Factset

For more info and charts about Q2 earnings, please visit past posts.

The Mixed News 

What companies are saying 

In the past week, a number of companies have addressed questions regarding the spike since the beginning of the third quarter.

  • Southwest Airlines warned of a sharp deterioration in business in recent weeks, a challenge that is affecting all airlines.
  • Airbnb, however, said, “in the last few weeks, we had our biggest night ever in the U.S. and our biggest night globally since the pandemic began.”
  • Aramark, which provides on-site food services, says the disruption is “really limited mostly to companies and their return-to-work strategies.” Though executives don’t think it’ll impact colleges, sporting arenas and entertainment venues.
  • Foodservice competitor Sysco shared that sentiment, noting it did not experience any impact in July tied to Delta. However, CEO Kevin Hourican cautioned that they couldn’t predict whether the government might step in with new restrictions.
  • Casper Sleep president Emilie Arel said Tuesday that people were still out shopping, saying, “To date, we are seeing week-over-week improvements on foot traffic.”
  • Bumble has experienced no slowdown in activity on its dating app. “When COVID accelerates and loneliness climbs, people turn to us for connections,” Bumble CEO Whitney Wolfe Herd said on Wednesday.”

Source: Sam Ro (Axios)

The Bad News

Covid refuses to go away 

And many continue to worry about the Delta variant

Which is partly to blame for the weak retail sales numbers this week 

It’s not just demand, though. Supply chains continue to be a problem.

Resulting in consumers and manufacturers feeling less optimistic

The State Of The Market

Yet investor sentiment remains high

Probably because corporations have been able to pass along price increases effectively

And liquidity remains elevated 

Ultimately cultivating in this impressive run

And, fortunately, many are taking advantage. But also a little worrisome.

Charts Of The Week

Stories Of The Week

Internet pet rocks are selling for $100,000: https://decrypt.co/78097/ethereum-pet-rock-nfts-selling-more-than-100000

32% of people admit to trading while drunk: https://www.magnifymoney.com/blog/news/emotional-investing-survey/

Crypto hackers stole $600 million, then generously gave some back: https://www.wsj.com/articles/poly-network-hackers-steal-more-than-600-million-in-cryptocurrency-11628691400

Disclosure

Clear Rock Advisors, LLC is registered with the SEC as a registered investment advisor with offices in Texas. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended and/or undertaken by Clear Rock Advisors, LLC) or any investment-related or financial planning consulting services will be profitable, equal any corresponding indicated historical performance level(s), or prove successful. It remains the client’s responsibility to advise Clear Rock Advisors, LLC, in writing, if there are any changes in the client’s personal/financial situation or investment objectives for the purpose of reviewing, evaluating or revising Clear Rock Advisors, LLC’s  previous recommendations and/or services, or if the client would like to impose, add to, or modify any reasonable restrictions to Clear Rock Advisors, LLC’s services. A copy of Clear Rock Advisors, LLC’s current written disclosure statement discussing its advisory services and fees are available upon request.