“Since the S&P 500® Index hit an intraday bottom of 2191.86 on March 23, 2020, dispersion has prevailed. While it may be tempting to concentrate in certain equity sectors, the only sector that I would overweight is diversification.”

–Joe Terranova, Chief Market Strategist,
Virtus Investment Partners

This edition includes:

A capital markets performance recap of the first half 2021
It is critical to continue to elevate the word “risk” in the 2021 financial vocabulary. Before making any portfolio adjustments, ask, “How much risk does it involve?” versus, “How much potential reward is there?”

Checking the charts — The trends that matter most
Four charts illustrate the current trends for:

  • Federal Reserve liquidity,
  • U.S. Treasury yield normalization,
  • U.S. inflation, and
  • Labor conditions