Quarterly Commentary Letter – Q2 2021: Beyond the Peak
The US recovery is alive and well. And financial markets loved it in Q2. Even the persistent high numbers on inflation and a hawkish shift in signals from the Federal Reserve could not dampen spirits.
The S&P 500 ended the quarter up 8.6 percent, and the MSCI World Index 7.4 percent, from the end of March. Businesses added 1.7 million jobs to payrolls over the quarter, and GDP growth hit what will probably turn out to have been its fastest pace for decades – as well as the peak growth rate for this recovery… Read the full article here
