A.I. Is Helping Fight Inflation & Growth Slowdowns
Accumulation of wealth: Clients have one chance to meet their goal. That’s why we believe they need portfolios that actively adapt as global markets change
Preservation of wealth: As clients near a goal, investing behavioral mistakes can be addressed with strategies that seek to reduce the risk of catastrophic loss
Distribution of wealth: Horizon’s automated, growth-oriented retirement-income solutions aim at solving for longevity risk
Explore mutual funds managed by Horizon Investments.
Top Stories
Is the fast-moving market moving too fast? Technology stocks generally...
Insights
Jobless Claims Dip Below One Million for First Time In 21 Weeks
Initial jobless claims beat expectations this week, falling below 1 million to 963,000 for the first time in 21 weeks. In an intriguing sign that economic activity may be restarting faster than expected, initial jobless claims are now the lowest they’ve been since mid-March.
Putting the jobs recovery in context
We’ve talked before about how this crisis has been much faster and more extreme than the Great Financial Crisis of 2008. This time around, employment peaked in February at 152.5 million jobs before bottoming out in April — just two months later — after losing about 14.5%, or 22.1 million jobs. To date, we’ve gained back 9.3 of that 22.1 million, or about 42% of the total amount lost.
Compare that to the Great Financial Crisis. Back then, employment peaked in January 2008 and didn’t bottom out until February 2010. During that time we lost 8.7 million jobs and didn’t recover, in percentage terms, to where we are now until early 2012 — a full 2 years later!
While the debate rages now as to what we should attribute Thursday’s sharp decrease — whether the expiration of the $600 supplemental benefit, individuals falling off the rolls, or increased reopening activity — what is undeniable is that the speed of this recovery outpaces anything we’ve seen in recent history.
Still, investors would be wise to remember that even in the midst of this robust recovery, new weekly unemployment claims remain higher than anything we’ve seen during any recession.
To download a copy of this commentary, click the button below.
To discuss how we can empower you please contact us at 866.371.2399 ext. 202 or info@horizoninvestments.com.
Nothing contained herein should be construed as an offer to sell or the solicitation of an offer to buy any security. This report does not attempt to examine all the facts and circumstances that may be relevant to any company, industry or security mentioned herein. We are not soliciting any action based on this document. It is for the general information of clients of Horizon Investments, LLC (“Horizon”). This document does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. Before acting on any analysis, advice or recommendation in this document, clients should consider whether the security in question is suitable for their particular circumstances and, if necessary, seek professional advice. Investors may realize losses on any investments. It is not possible to invest directly in an index.
Past performance is not a guide to future performance. Future returns are not guaranteed, and a loss of original capital may occur. This commentary is based on public information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied on as such. Opinions expressed herein are our opinions as of the date of this document. We do not intend to and will not endeavor to update the information discussed in this document. No part of this document may be (i) copied, photocopied, or duplicated in any form by any means or (ii) redistributed without Horizon’s prior written consent.
Other disclosure information is available at www.horizoninvestments.com.
Horizon Investments and the Horizon H are registered trademarks of Horizon Investments, LLC
©2020 Horizon Investments LLC