- Most asset prices rose during the quarter amidst continued economic reopening and extraordinary levels of policy accommodation.
- Bonds rallied during the quarter, reversing a portion of their losses from the previous quarter—one of the worst since the early 1980s.
- Although the labor market continues to improve, it still needs to make substantial process before policymakers achieve their goal of a return to pre-pandemic employment levels.
- The political willingness to continue unsustainable spending is being ratified by Fed policies and recent price action in the bond market.
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This material is provided to advisors by Mount Yale Investment Advisors, LLC and contains market commentary from third-party sources it believes to be reliable. However, Mount Yale has not independently verified or otherwise investigated such information and makes no guarantee as to its accuracy or completeness. In the event any of the assumptions used herein prove not to be true, results may vary substantially. All investments entail risks. Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance. Indexes are unmanaged, do not incur management fees, costs and expenses and cannot be invested indirectly. The information contained herein constitutes general information and is not directed to, designed for, or individually tailored to, any particular investor or potential investor. It is not intended to be a client-specific suitability or best interest analysis or recommendation, an offer to participate in any investment, or a recommendation to buy, hold or sell securities.
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