The bull market and Covid recovery continued gains in the 2nd quarter and so did our portfolios. The bond market and rates settled after a wild beginning to the year.
Rates remain at historic lows and investors and institutions are calling us in search of higher yields. Our focus has changed now from economic risk and Covid to the Fed, inflation/worker shortages, and the Biden tax proposals. We continue to keep an eye on these and will tactically make adjustments in our Private Client portfolios and financial plans as this data becomes more clear.
In the meantime, get out and enjoy the summer. Remember only a year ago, many were avoiding friends/relatives, bunkering at home, and wearing masks often. Our team is grateful to all the healthcare workers, vaccine scientists, and all of you!
See this for more data on the quarter: Market Summary: April-June
