The Market in Five Charts: Optimism and Uncertainty Collide

July 28, 2021 - The first half of 2021 ended with a bullish market backdrop driven by robust GDP growth and astounding earnings growth. Yet, all is not rosy, as markets attempt to make sense of a promising economy recovery fraught with two challenges: inflation and the Delta variant.

In this month's The Market in Five Charts, Chief Investment Officer Rick Pitcairn assesses:

  • The market's potential reaction to an expected blockbuster earnings season
  • Unprecedented stimulus fueling an accelerating economy and rapid market recovery
  • The cause-and-effect of stimulus and short-term inflation
  • The Delta variant's potential impact on global risk markets
  • A speculative market and how history portends a potential summer pullback