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Latest News and Market Commentary

Latest News

 

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Market Commentary

Quoted from Schwab Market Perspective: The Next Phase. A summary of the key points of the article appears below.

Although we’re not out of the pandemic yet, the economy is showing encouraging signs. Job growth has been strong and financial markets appear to confirm that the economic cycle has shifted from recovery to expansion. Global earnings estimates are being revised upward and global business leaders are expressing fewer concerns about supply constraints than earlier this year. Given these signs, the Federal Reserve may start tapering its support for the economy sooner than expected.

Which isn’t to say there aren’t market risks out there, including the spread of the COVID-19 delta variant, overly bullish investor sentiment (a contrarian indicator when taken to extremes), and the return of the federal government’s debt ceiling.

There is a lot of information here and in the linked article. To reduce scrolling the major topics have been collapsed into the subtitled sections below. Click or tap on the section title to expand the section. Once opened, there is a link at the bottom of the text to collapse the section back to the title block. If you would like to print this page, be sure to expand the sections that you want to be included in the printout.

U.S. stocks and economy: Beyond the recovery phase
Global stocks and economy: Earnings rebound
Fixed income: Yields climbing
Washington: The debt ceiling returns

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