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In Your Best Interest: Our Summer 2021 Newsletter Thumbnail

In Your Best Interest: Our Summer 2021 Newsletter

Click here to view the full newsletter, including recent news, important dates, financial tips & tools, and more.

Market Highlights Q2 2021

Every seasoned investor has experienced challenging down periods in the market. Consider the above-expected returns of Q2 your reward for trusting your strategy and staying focused on the long game. That said, the growth path may feel a little bumpier in the second half of the year. Volatility is likely, and inflation—the inevitable byproduct of growth—is on its way (though as I wrote in my recent blog post, Inflation is coming. Are you ready?, that’s not the bad news that you might fear. My advice: keep the reward, but don’t lose the lesson. You can count on me to remind you of this lesson in the months ahead!    

Overall, the second quarter was a good one for equities. The Nasdaq gained 9.5%, followed closely by the S&P 500 (8.2%), the Global Dow (4.9%), the Dow (4.6%), and the Russell 2000 (4.1%). Real estate, information technology, energy, and communication services all posted quarterly gains of more than 10.0% to lead the market sectors. Year to date, the Russell 2000 is well ahead of its 2020 year-end closing value, followed by the Global Dow, the S&P 500, the Dow, and the Nasdaq.          


In other good news, the economy accelerated at an annualized rate of 6.4% in the first quarter, while 559,000 new jobs were added and unemployment dipped to 5.8% in May alone (the June numbers will come out later this month). Then there’s the inflation piece of the equation. Over the 12 months that ended in May, the CPI (Consumer Price Index) rose 5.0%—the largest 12-month increase since a 5.4% increase for the period ended August 2008. Though price inflation continues to expand, the Federal Reserve has asserted that it will continue stimulus measures, even if inflation exceeds the Fed’s standard 2.0% target.      

As always, we will continue to keep a close eye on the situation and to adjust your plan as needed to grow and protect your portfolio. If you have any questions or concerns along the way, please reach out. We are always here to help.    

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