Economic data remains solid, but COVID-19 remains a risk
- The global economic recovery is likely to continue in 2022, although we expect the low-hanging fruit of rebounding activity to give way to slower growth whether supply chain challenges ease or not. – Joseph Davis, Ph.D., Global Chief Economist, Vanguard
- A new virus strain could trigger growth downgrades, worsen risk sentiment, and have a significant sectoral impact. We see this affecting services dependent on economic activity but are less concerned about the broad macro picture for now– BlackRock Investment Institute
- Economic data remains solid, with last week’s (11/15) releases of October industrial production and retail sales both beating expectations. The duration of the current cycle will be predicated largely on how long economic growth can outpace inflation. …we’re still optimistic that supply chain pressures will subside and economic growth will continue in 2022. – Equities Investment Council, 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.