Positive economic data and a strong outlook ahead
- With the Delta variant peaking and QE taper expectations reaffirming a strong outlook, we expect earnings growth to jump-start a move higher in cyclical sectors and small caps. Read More… – Equities Investment Council, Nuveen
- The week’s (8/27/2021) economic data releases were generally positive. July existing home sales rose 2% from June… July new home sales were up 1% from June… Weekly initial jobless claims ticked up, but remained near their lowest levels of the pandemic… The Commerce Department’s revised estimate of second-quarter gross domestic product growth showed that the economy expanded at a 6.6% seasonally adjusted annual rate, slightly above the 6.5% initial reading. Read More… – T. Rowe Price
- The bull market in stocks will eventually come to an end, and some sort of correction is overdue, but we think the general trend remains up and optimistic investors will be rewarded Read more… Brian Wesbury, Chief Economist, First Trust
As always, we continue to believe that one’s circumstances and risk profile should determine the appropriate mix of investments, and not media headlines. Please contact us if you ever have any questions or concerns about your accounts or any news you hear.
Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that the future performance of any specific investment, asset class, or investment strategy (including the investments and/or investment strategies recommended by the adviser), will be profitable or equal to past performance levels. Information in this commentary is gleaned from third party sources, and while believed to be reliable, is not independently verified.