East Windsor Chamber Of Commerce: CFS Viewpoint – Economic Rebound Edition

Press release from East Windsor Chamber of Commerce:

July 1st, 2021

June 30, 2021 – CFS Viewpoint – Economic Rebound Edition 

Economic data is pointing to accelerating growth, while the rise in inflation looks narrow and likely to be short-lived;

The recovery in global earnings is in full swing;

Policymakers—both fiscal and monetary—seem willing to let economies run hot;

So, while we will remain alert for risks, including evidence of a more sustained rise in inflation, we see the economic and policy backdrop as positive for businesses growing and higher profits which is the only thing that supports higher stock prices. The greatest upside to come from cyclical parts of the market, including energy and financials materials & industrial businesses, along with many technology sectors as work from home has accelerated cloud computing, cyber security, advanced cellular systems, biotech, and certain “green” energy initiatives.

As always, we believe the greatest risks to our investment portfolios are trying to time the market based on news headlines or politics or pending potential events which may or may not occur. And broadly speaking we cannot let fear of temporary fluctuation and short-term market drops interfere with our long-term investment decisions.  Our responsibility is to continue to monitor the economic environment so that we may make educated decisions on how best to put your investments to work.  We very much appreciate the trust you, our clients, have placed in us and please know that we are always available to meet or speak with you at any time.

As usual this commentary is based solely the opinions of Brian Cassidy, Arnie Magid and Daniel Kelly. Nothing in the above written material is endorsed by, or written by, or provided by Cambridge Investment Research, Inc., or by any other outside party or firm.

Securities offered through Registered Representatives of Cambridge Investment Research, Inc.,

a Broker/Dealer, Member FINRA/SIPC.

Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor.

Cassidy Financial Services, LLC. and Cambridge are not affiliate

This press release was produced by East Windsor Chamber of Commerce. The views expressed here are the author’s own.