May 4, 2021—Equity markets have come a long way since suffering a 33% bear market decline at the onset of the COVID-19 pandemic in March 2020. Over the 13 months that followed, the S&P 500 not only reclaimed its pre-pandemic peak in August but went on to print over 40 record highs, with 9 of them occurring in April alone.
April 22, 2021—My three-year-old son has a Hot Wheels racetrack—one of the tracks has a portion low and flat to the ground but then takes off at a steep incline before looping and twisting and returning back toward the ground-level section of track. Where the horizontal portion of the track meets the incline is a motorized gear system that acts as an accelerator and gives the matchbox car a speed boost to stay on the track as it inclines.
April 9, 2021Recent supply chain disruptions are likely to add to near-term inflation pressures by constraining the supply of goods and services in the economy, just as demand is set to bounce back.Longer-term inflation will remain dependent on the interaction of consumer and market inflation expectations, and the Fed’s new approach to monetary policy.
