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Recent rate volatility suggested a disconnect between investors and Fed policy — does the old mantra of “Follow the Fed” still ring true?
We believe the economy will grow well above trend throughout 2021, as massive pent-up consumer demand is released by vaccination progress, states reopening and highly accommodative government policy.
The opportunity cost for inflation protection is high—is it worth the cost?
Highlights from the week of April 2 – April 8, 2021.
Stocks advanced for the week in Europe and the United States, but retreated in Asia. The upturn was partly attributed to greater recovery optimism after the strong March employment report.
Global stock markets advanced in a holiday-shortened week; U.S. stocks turned in a strong March and first quarter. The brightening economic outlook drove a shift from growth toward cyclical companies; value and small-cap stocks outperformed.
Recent rate volatility suggested a disconnect between investors and Fed policy — does the old mantra of “Follow the Fed” still ring true?
After early wavering in the week, U.S. stocks regrouped and raced to a strong finish. The Dow Jones Industrial Average and the S&P 500 index pushed above recent highs but the NASDAQ Composite declined.
Highlights from the week of March 19 – March 25, 2021.
U.S. stocks declined during a week of choppy trading sessions. Only three S&P 500 sectors – communication services, healthcare and consumer staples – posted modest gains; the worst decliners were energy, financials and technology.
Highlights from the week of March 12 – March 18, 2021.
We believe the economy will grow well above trend throughout 2021, as massive pent-up consumer demand is released by vaccination progress, states reopening and highly accommodative government policy.
U.S. stocks finished the week higher; the brightening economic outlook and higher U.S. Treasury yields continued to propel rotation into cyclical/value stocks.