CIO Newsletter
July 2021
2nd Quarter Market Commentary and Review
We are officially half-way through 2021 and by all measures markets are weird and getting weirder. (NB, “weird” is a term we credentialed CFA luminaries use to describe events we just can’t fully get our heads around.) The on-going tug-of-war being played out between the markets and the US Federal Reserve has altered our expected notion of probable outcomes, replacing analysis and insight with the equivalent of dart-throwing. It’s no small frustration on our part to have our clients fortunes at the mercy of an increasingly activist and quite possibly politically minded central bank.
