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Integrated Insights -- Week of June 14, 2021

Integrated Insights -- Week of June 14, 2021

June 15, 2021

The S&P 500 clinched a third straight weekly gain after closing at successive all-time record highs last Thursday and Friday. Stocks have traded mostly sideways since early May as investor optimism over business recovery has been tempered by signs of escalating inflation.

California will relax many pandemic related restrictions this week. Local businesses hope this will be a boon to recovering lost revenue.

Here's what we are reading this week:

Weekly Commentary -- What lies beyond the restart -- BlackRock

  • BlackRock’s senior executives and portfolio managers discussed what lies beyond the restart and investment implications - at their semi-annual forum. Beyond the near-term restart, they expressed a wide range of views on topics including growth and inflation, and identified a few key long-term investment themes including the climate transition, China and policy.

  • U.S. consumer price index (CPI) jumped in May and key drivers appear related to activity restart. Stocks rallied to record highs and bond yields fell.

  • The Federal Reserve’s policy meeting will be in focus this week. We expect the Fed to stress the transitory nature of the inflation surge.

Labor Data Suggests Inflation Temporary -- Capital Group

Markets in Focus -- Meeder Investments 

One our sub-advisory partners shares their periodic update with a focus on the job market. The full video is available via the link above.