Despite a bumpy start to the year, the economy has since expanded at a brisk pace, supported by growing optimism regarding the progress in the fight against COVID-19 and the impact of another round of fiscal stimulus that put cash directly in the hands of most American households. The result? Resurgent growth and positive returns for global equities and other risk assets.
But against this backdrop, other challenges are emerging. Investors are acutely aware of the risk presented by surging inflation, rising interest rates, and elevated valuations. What does it all mean for the economy, policy, and the capital markets for the rest of 2021 and beyond?
Join Jim Baird, Plante Moran Financial Advisors’ chief investment officer, and Tricia Newcomb, senior global strategist, for a discussion on capital markets, policy, and economic conditions, the outlook for each, and what it all means for investors.
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