If you missed out on some important stock market stories this month, we have you covered here. March was yet another month where we enjoyed market growth and economic recovery. There were also some key developments and valuable lessons that should be significant to long-term investors. Here is some of what you may have missed last month.
A major turning point was reached in March. According to respondents to Bank of America‘s fund manager survey, the coronavirus pandemic was no longer the largest investment risk. Asset managers are now more concerned about inflation and the bond market. That’s the first time in a year that the coronavirus has not been considered the biggest threat to the stock market.
This shift in focus is being fueled by the ongoing vaccine rollout and encouraging economic recovery news. Unemployment figures for February were lower than anticipated. Notably, 350,000 jobs were added in hospitality, the bulk of which were in restaurants. Hotels, amusements, gambling, and other recreation also trended positively.