Central Markets by Robert Lloyd, CFA

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.

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The Global Economy Is Clearly Slowing Down


Two critical data points on the economy came in today and both were disappointing. Purchasing Manager Indicators from the US and China have clearly peaked and are turning down, while US Nonfarm Payrolls delivered a huge disappointment.


Possible causes: Covid Delta variant outbreak changing behavior, higher inflation readings everywhere, and central banks tightening policy in Russia, Brazil, Norway, Korea and Mexico are good candidates. Perhaps the Fed draining $1 trillion in market liquidity is also having an impact.


Let's hope it doesn't get worse. What do you think?


Robert Lloyd, 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

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