The Song Remains the Same

We’re halfway through 2021. Where do the financial markets stand? Well, the short answer is that the “Song Remains the Same”. The global reopening remains on track as COVID-19 vaccination rates climb. Inflation is the new concern, but the spike so far looks transitory. Fiscal and Monetary Policy remains highly supportive of accelerating growth in the US economy. And, we still like the pandemic-recovery trade that favors equities over bonds. For this week’s podcast, Jeff Powell and Jeremy Witbeck provide their thoughts on the midway point of the financial markets.