Hello Eagle Wealth Community,
Do you remember our Invested in Community program we launched last summer? With your help, we supported over 25 small businesses and families. This spring, we’re mixing it up. We're focusing on frontline workers and small locally owned businesses.
Here’s your chance to nominate a frontline worker to receive a unique gift box. Together, let’s show them they are appreciated.
Now, these are no ordinary gift boxes. These boxes come from Bella Vino Gifts and are filled with all Oregon-made products like coffee, tea, jams, candles, and toffee. These boxes support several female-owned small businesses that’ve struggled during the pandemic.
We want to help as many people as we can. And we want you to join us. As Mark Twain said, “the best way to cheer yourself up is to try to cheer someone else up”.
Sometimes we all need an unexpected gesture. To know that others see us. That we matter.
So, tell us who you think has been a real hero this past year. Who has been working hard on the frontlines that you’d like to honor with a gift?
How it Works
We’ll hold monthly drawings for hand-crafted gift boxes, purchased by EWM, but given away by YOU to a frontline worker to brighten their day.
Step 1: Choose a frontline person
Who do you know that could use some extra kindness? A teacher, healthcare worker, a grocery store clerk, your mail carrier. . . you decide. We trust your judgment.
Step 2: Enter the drawing for a hand-crafted gift box.
To enter the drawing, sign up here with your contact information and who you want to help. We’ll hold monthly drawings to award four boxes a month. Please register by March 18th for the next round of the program.
Step 3: Pay it Forward
If we draw your name, we’ll call you to make arrangements and coordinate to have the box delivered to your nominee.
In return, we hope you will tell us about your experience! We could all use stories of kindness right now. We'd like to share your story with the program in our weekly email newsletter. Simple gestures can make a big impact on the lives of others. Sign up now to help us pay it forward!
Fine print and exclusions
- Must be an Eagle Wealth Management Community member to enter the drawing.
- Your nominee can live anywhere in the United States (we’ll ship to them).
- One entry per person. Your entry will roll over from month to month until we draw your name, or the program ends.
- Your name and the recipient’s name can remain confidential. We’ll ask your preference if you are chosen.
- We'll hold drawings on a regular basis, beginning with four per month through June.
- If you have questions, please contact firstname.lastname@example.org
Are you interested in taking part? Let us know what you think. We look forward to lifting others up with you.
Your Eagle Wealth Team
The Week on Wall Street
Stocks dropped amid rising long-term bond yields, with sharp declines in high-valuation growth stocks leading the overall market lower.
The Dow Jones Industrial Average slipped 1.78%, while the Standard & Poor’s 500 declined 2.45%. The Nasdaq Composite index, home to many high-valuation growth plays, fell 4.92% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, edged up 0.37%.1,2,3
Rising Rates Derail Stocks
The 10-year Treasury yield climbed last week, from 1.34% to 1.42%, sending shudders through the stock market. While investors generally understand that economic strength may lead to higher bond yields, it was the speed at which bond yields rose that proved unsettling. Generally, when yields rise, bond prices tend to fall.4
Rising yields also drove sector rotation, with economic reopening stocks (e.g., energy, financials, and industrials) outperforming stay-at-home stocks, especially many of the big technology names.
The trend of higher yields was mitigated by testimony on Tuesday and Wednesday by Fed Chair Jerome Powell. He provided some assurances that the Fed remained committed to its current easy money policy stance.5
A surge in yields on Thursday, however, sparked a new wave of anxiety and a broad retreat that left market averages lower for the week.
Powell Testimony Calms Investors
Concerns over rising long-term bond yields and inflationary pressures were eased by two days of testimony by Fed Chair Powell. Powell reiterated the Fed’s intention to stick with its near-zero short-term interest rate policy and monthly bond purchase program until the labor market fully recovers and its inflation goals are met.
Powell dismissed market fears of accelerating inflation, noting that he did not see inflation reaching any troubling levels, declaring that any increase would be modest and transitory. He added that the Fed would likely allow inflation to spend some time above its 2% target rate. Inflation for the past eight years straight has been below that target.
THE WEEK AHEAD:
KEY ECONOMIC DATA
Monday: Institute for Supply Management (ISM) Manufacturing Index.
Wednesday: Automated Data Processing (ADP) Employment Report. Institute for Supply Management (ISM) Services Index.
Thursday: Jobless Claims. Factory Orders.
Friday: Employment Situation Report.
Source: Econoday, February 26, 2021
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.
THE WEEK AHEAD:
COMPANIES REPORTING EARNINGS
Monday: Zoom Video Communications, Inc. (ZM).
Tuesday: Target (TGT), Ross Stores, Inc. (ROST).
Wednesday: Okta, Inc. (OKTA), Marvell Technology Group (MRVL), Dollar Tree, Inc. (DLTR).
Thursday: Broadcom, Inc. (AVGO), Costco Wholesale Corp. (COST), Kroger (KR).
Source: Zacks, February 26, 2021
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.