Key Takeaways for Savvy Investors
Despite a lot of uncertainty around business reopenings, vaccination rates, and economic growth, equities delivered a solid performance last quarter. Looking back, the overall performance for the quarter was great and delivered a return we'd be happy with for an entire year.
What lies ahead? A popular survey of economists suggests that the economy could grow ~7% this quarter as the economy continues to pick up steam.4 However, there are many variables and uncertainties baked into those projections: vaccination timelines, consumer spending, new government regulations, and business expectations.
Overall, I'm optimistic about where the economy and markets will go this quarter. However, I'm also keeping a close eye on the Joe Biden tax plan for corporations and high earning households.
Questions? Please reach out. I'd be happy to chat.