July 8, 2021—There has been a very clear shift in investor sentiment in the past few weeks, manifested most clearly by an acute drop in long-term interest rates and a flattening of the yield curve, both in the U.S. and globally. What is much less clear is what is causing this shift that, until recently, has left equities unscathed but may now be broadening to look more like a classic risk-off market.
July 7—For many, COVID-19 has meant the home front has been doubling as the workplace, creating growing pains and the need for more space. At the same time, Millennials have been getting the itch to become homeowners. These forces have resulted in a massive migration from big cities to the suburbs and smaller cities.
In the July/August issue of our monthly flagship publication, we feature:On the Record by Chief Investment Officer Tony Roth, where he provides investors with an opportunity to take stock of their portfolios by assessing the economic environment, evaluating what has worked to date, and crafting a plan for the second half of the year.