July 2021

Happy summer! As we finish the first half of 2021, the market has performed largely as we expected. Unemployment is below 6 percent (5.9%) and inflation has picked up compared to a year ago (5.0% CPI; and 3.8% CPI excluding food and energy), but inflation is up only 3.4% according to personal consumption expenditures excluding food and energy (chain-type price index) preferred by the Federal Reserve. S&P 500 earnings are expected to be up 64% compared to depressed levels of a year ago and the U.S. GDP is expected to be up roughly 7.8% on an annualized basis for Q2 2021. Of course, we don’t have a crystal ball, but right now, we like what we see!


Can You Fund Your Retirement?

Don’t Let Debt Derail Your Retirement

International Investing: Opportunity Overseas?

Is It Time to Cut Cable?

Click To Read GWM Newsletter – July 2021