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Integrated Insights -- Week of March 1, 2021

Integrated Insights -- Week of March 1, 2021

March 03, 2021

Markets (& tech stocks in particular) are trying to find their footing and determine what comes next.  We believe the struggle is influenced entirely by the daily changed view of a timeline on the "return to normal." Vaccines & possible variants seem to hold the short-term fate of the economy.  Many states across the nation have decided to test the current state of the pandemic in speeding up the opening up process.

Congress seems close to agreement on the next round of stimulus. While a minimum wage increase looks as though it will need to wait, it appears as though many Americans in need will receive more funds from the Federal government.

Here's what I'm reading this week:

Weekly Commentary -- Climate transition: a driver of returns -- BlackRock

  • BlackRock have updated climate-aware return assumptions, supporting a strategic preference for developed market (DM) equities.

  • Rising inflation expectations have driven up U.S. 10-year Treasury yields but to a lesser degree than in the past. Real yields remain deep in negative territory.

  • U.S. nonfarm payrolls data will be in focus after a modest increase of jobs in January. Global purchasing managers index data will shed light on the restart.

Mid-Quarter Market Update -- Vitucci Integrated Planning

Our Mid-Quarter Commentary went out to clients earlier this week, and focussed on the important reminder that long-term disciplined diversification can be a winning strategy against market volatility.

Is Big Tech in big trouble? -- Capital Group

The US technology sector has been a primary growth driver for investment market returns for some time.  Capital Group looks a just how much of a driver and why.