The US economy continues to show signs of improvement…
- The US economy is healing faster than expected, while the US Congress and President Biden are intent on pouring at least one more massive government spending stimulus into the system. They are doing this even though the pandemic is waning, and a double-dip recession seems highly unlikely. Read more… – Brian Wesbury, Chief Economist, First Trust
- Vanguard believes that the current pace of vaccination (a one-week average of 1.61 million per day as of February 17, according to Bloomberg) supports our view that economic activity in the United States will pick up significantly in the second half of the year. Read More… – Vanguard Investment Strategy Group
- Fed Chair Powell reinforced his commitment to a dovish approach to fiscal policy during his testimony last week. Investor sentiment and expectations for a rapid economic recovery appear to be behind the recent yield spikes, rather than an overheating economy. Yields remain near historic lows, giving the Fed some policy flexibility. Read more… – Saira Malik, CIO, Head of Global Equities, Nuveen
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.