Robert Lloyd, CFA
The Economy is Smoking Hot
The Purchasing Manager Indicators (PMIs) are great sentiment indicators that give us fairly current measurements of economic activity. Currently, they are at levels we see at cycle highs, right before the Fed crashes the party.
Here is the question: How do you think a removal of emergency stimulus will effect the economy and markets.
My own view is that the economy is almost fully recovered from the pandemic recession. The rapid growth numbers we see today will decelerate as the easy comparisons to 2020 pass behind us. As small businesses open, we will see normality return. The markets have run high on lots of Fed and Congressional stimulus. Both will be winding down soon. We expect a choppy ride in the markets over the next few quarters.
Robert Lloyds, CFA®
Chief Investment Officer
Lloyds Intrepid Wealth Management
Lloyds Intrepid LLC is doing business as Lloyds Intrepid Wealth Management. Lloyds Intrepid LLC offers investment advisory services in the State of Texas where registered and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. Lloyds Intrepid LLC and its advisers do not provide legal, tax or accounting advice. Lloyds Intrepid LLC formulates retirement plans, investment strategies, portfolio construction and investment due diligence for clients with signed investment advisory agreements with us. The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the information cannot be guaranteed. All opinions and outlooks are subject to change.
© 2021 Lloyds Intrepid LLC