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, while it's easy to focus on the quarter's overall performance, let's not forget that there were many dips and rallies along the way.
Bottom line, we can expect more volatility and uncertainty this year. After nearing record highs, it would not be surprising to see a market drop in the second quarter.
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 cautiously optimistic about where the economy and markets will go this quarter. However, I'm also keeping a close eye on market conditions, as continued uncertainty could drive sudden changes.
Questions? Please reach out. I'd be happy to chat.