Featured Market Data: Stock Valuations Level
U.S. equities fell in September with the S&P 500 index posting its first decline (-4.7%) since January (-1.0%). Factors that contributed to the weak performance included concerns around Fed tapering, the complex legislative environment, persistent supply constraints, rising energy costs and concerns about a potential default of Chinese property giant Evergrande.
Recent News: Businesses & Consumers Report Stronger Loan Demand, Banks Await
A large majority of U.S. community banks reported year-over-year declines in loan balances in the second quarter. Loan growth has been largely suppressed across the industry as excess savings has translated to less need for credit by both consumers and businesses.
St. Louis, MO – March 24, 2021 – PMA, a premier full-service provider of financial and advisory services to local governments, is pleased to announce that Dr. John Jungmann will be joining the team as Coordinator, Sales and Relationship Management.