June Monthly Portfolio Pulse - Synchronized Demand

A slate of good economic news has come out recently – from solid jobs growth to strong momentum on both the service and manufacturing sides of the business sector. The question is whether what’s good for the economy is good for the financial markets – or if this synchronized demand only leads to greater inflation and higher interest rates. Equity markets initially took the latter view, falling over the first 10 days of June. But we believe the recent market pullback was a healthy reset for a stock market that spent April and May going effectively straight up. Heightened equity volatility may linger for a while longer as we await new information on the trajectory of monetary policy, but we maintain our constructive market outlook over our one-year horizon.

Click to read: June Monthly Portfolio Pulse - Synchronized Demand