In our latest investment update video, Deron McCoy, SEIA’s Chief Investment Officer, provides a mid-quarter update revisiting the tailwinds of the three V’s — Vaccine, Valuations, and Vision — and where we stand going forward. These tailwinds have been driving the market over the past nine months or so, but they are now poised to become headwinds in the back half of this year. Everything is Awesome at 4200, but take profits.
INFRASTRUCTURE Republicans boost their counteroffer to $928 billion in response to the $1.7 trillion proposal floated from the Whitehouse.
FED Federal Reserve President Robert Kaplan noted that the Fed should slow down their purchases of bonds, as the housing market continues to heat up.
JOBS The job market continues to improve, as jobless claims came in less than expected for the week ended May 22. Multiple states have shut down extended benefits for unemployment.
OIL Gas prices are the highest in 7 years, as supply remains constrained. High gas prices could eventually present a headwind to consumers.
DIGITAL DOLLAR Federal Reserve Governor Lael Brainard said a digital dollar backed by the central bank could provide a variety of benefits. Fed Chairman Jerome Powell announced that the central bank would be releasing a paper addressing Central Bank Digital Currencies.
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