THE MARKETS

Stocks climbed slightly Friday. Investors seemed to shake off a stronger-than-expected inflation reading
and focus on encouraging employment data. New jobless claims fell to a new pandemic-era low. The
S&P and the Dow posted their fourth positive month in a row. For the week, the Dow rose 1.03 percent
to close at 34,529.45. The S&P gained 1.20 percent to finish at 4,204.11, and the NASDAQ climbed
2.08 percent to end at 13,748.74.

Returns Through 5/28/21	1 Week	YTD	1 Year	3 Year	5 Year
Dow Jones Industrials (TR)	1.03	13.76	38.79	14.82	16.88
NASDAQ Composite (TR)	2.08	6.98	45.95	23.88	23.93
S&P 500 (TR)	1.20	12.62	40.32	18.00	17.16
Barclays US Agg Bond (TR)	0.20	-2.29	-0.40	5.06	3.25
MSCI EAFE (TR)	0.46	10.07	38.41	8.23	9.77

We Did, How About You? — 59 percent of U.S. households made a large purchase during the first
four months of 2021, the highest percentage reported in five years. Large purchases include furniture,
home repairs, and automobiles (source: Federal Reserve Bank of New York, BTN Research).

Cash Only — Total U.S. credit card debt peaked at a record $930 billion as of Dec. 31, 2019, (prepandemic) but has since fallen 17 percent ($157 billion) to $773 billion as of March 31, 2021 (source:
Federal Reserve Bank of New York, BTN Research).

Send Me Your Resume — The number of job openings in the United States has increased by 1.2
million in the last two reported months, meaning U.S. employers have added 20,441 new job
postings each day during February and March this year. The 8.123 million job openings nationwide as
of March 31 is the highest number recorded in U.S. history (source: Bureau of Labor Statistics, BTN
Research).

WEEKLY FOCUS – Protecting Our Children

We make sure our children use seat belts in the car, wear helmets when they bike, and never run with
scissors. But there is one danger we may not be considering: identity theft. According to Identity Theft
Resource Center, 1.3 million children’s records are stolen each year. And a study by Carnegie Mellon
University’s CyLab found children are 51 times more likely than adults to fall victim to identity theft.

Since it is estimated half of child identity theft victims are under the age of six, the crime often isn’t detected
for 10 to 15 years, when the child becomes old enough to apply for credit and is turned down. So awareness
and vigilance are essential to protect your children’s or grandchildren’s identity. Here are some steps t
consider:

Guard their Social Security number. Like adult Social Security cards, children’s cards should never be
carried. Leave the Social Security number field on medical, sport, and school forms blank. Or add zeros to
satisfy the requirement.

Protect other personal information. Opt out of social directories that feature full names, dates of birth,
addresses, phone numbers, and pictures. Don’t put a decal on your vehicle that shows the number of
children in the family and their names or a sign in your yard wishing them a happy birthday or congratulating
them for graduating. Educate children on the importance of not sharing their personal information, including
their real names on social media. Always monitor their online communication and who it’s with.

Place a security freeze on all three credit bureaus (Equifax, Experian, and TransUnion). This stops lenders
from being able to access the report when criminals try to apply for credit cards or loans. In most cases,
there won’t be an existing credit file. So they will create one for you and then freeze it. Freezing credit
doesn’t cost anything; you can visit each of the three websites to download their specific forms and
instructions.

Heed warning signs. If a child receives a credit card application, bill, or collection call for something they
didn’t purchase, or a notice from the IRS saying they didn’t pay income taxes, someone may be misusing
their information.

If you believe your child or grandchild may have become a victim of identity theft or fraud, contact our office.
We are here to assist you.