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
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Q1 2021 Commentary Letter: Turning the Corner
April 19, 2021
Two big questions for investors surfaced in Q1. Will a surge in inflation force the Federal Reserve to tighten sooner than expected, perhaps bringing recovery to an early end? And if, as RockCreek expects, the economic expansion continues apace, will the benefits of faster growth and increasing job opportunities be felt on Wall Street as it will be on Main Street?