March 2021

Inflation worries have been in the news lately, with some economists suggesting that the fiscal rescue package, mass vaccinations, and supply constraints will lead to a significant rise in prices. We share the Federal Reserve's view that any spike in inflation will be temporary. Read more

February 2021

The latest economic data continues to exceed expectations. The most recent numbers on auto sales, building permits, and retail sales remain robust as the economic recovery progresses. Read more

January 2021

At the end of the first quarter last year, there were bear markets across the globe. By the end of 2020, nearly all equity markets had rebounded, finishing positive on the year. It was a remarkable turnaround, and the S&P 500 saw one of the strongest rallies of all time after the fastest drop in history. Read more

December 2020

Economic growth should rebound in 2021 thanks to a red-hot housing market and strength in the financial positioning of households, which are in much better shape than they were after the last recession. Read more