Commentaries

August 2021

Economic Comment and Market Outlook

A flurry of superlative second quarter earnings reports has just completed the most recent chapter of
the US equity market’s advance in 2021. Supported by an adaptable, resilient private sector and copious
fiscal and monetary stimulus, profits have rebounded rapidly from the initial pandemic impacts and
spurred additional stock price increases. Through the end of July, the S&P 500 provided a total return
of 18% in the year-to-date period, following a similarly-sized gain for all of last year.

Click here to see the entire August 2021 Commentary


February 2021 Commentary

March 2020 Investment Update

February 2020 Commentary

January 2019 Commentary

July 2018 Commentary

January 2018 Commentary

August 2017 Commentary

January 2017 Commentary

July 2016 Commentary

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