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Integrated Insights -- Week of July 5, 2021

Integrated Insights -- Week of July 5, 2021

July 06, 2021

U.S. stocks wrapped up another bountiful week with the S&P 500 closing Friday at its seventh consecutive all-time high, a double feat not seen since 1997. Wall Street participants heralded a Goldilocks job report that topped consensus forecasts, but the unemployment rate edged 0.1% higher to 5.9%. The data boosted investor confidence that the Federal Reserve will not rush to raise rates or taper monthly asset purchases anytime soon.

Weekly Commentary -- Death of the office? Far from it. -- BlackRock

  • BlackRock still see opportunities in the office sector of the global real estate market, but with changing work patterns driving dispersion across assets and locations.

  • U.S. job growth accelerated in June, signaling labor market bottlenecks could be starting to ease. Stocks hit record highs.

  • Investors will focus on global services purchasing managers’ index (PMI) data to gauge if the restart has broadened out to the contact-intense sector.

Old Guard Companies Adapting to Change -- Capital Group

Mid-Year Outlook View -- Various

Many of our sub-advisory partners have published their mid-year economic outlooks. The term "dislocation" is a good one to characterize where global economies are in the initial stages of recovery from the crisis-phase of the pandemic.

Cetera Investment Management: Inflation here to stay?

BlackRock: Looking beyond the restart

Join Us For Our Mid-Year Update with Capital Group: The World in 2030 -- Tuesday July 13