Tactical ETF 2Q21 Market Review & Outlook
July 8, 2021 — The post-pandemic recovery will continue to be the driving force for sentiment and returns in the back half of 2021. We expect an above-trend and broadening global growth picture to push risk assets higher, keep spreads stable, and apply upward pressure on rates in the coming months. From an economic perspective, we continue to expect global growth of 6% to 6.5% in 2021, with a Q3 peak of above-10% growth. The mix, however, has shifted; the U.S. and China recovery has matured, and Europe and emerging markets (ex-China) have picked up the slack as they begin to feel the benefits of increased vaccinations and economic reopening.
Where to Find Income in a Low-Interest Rate World
The Fed’s announcement last week that would pull rate hikes forward by six months was somewhat of a surprise for investors. The good news is that it doesn’t really change . . .
Negative Yields? A Tsunami of Liquidity is Pressuring the Cash Investor
The wave of cash flooding into bank deposits and money market funds is threatening to test the line in the sand between zero and negative yields. What are the alternatives . . .
Green Treasuries: Is Now the Time for the Federal Government to Jump on the Green Bond Bandwagon?
The green bond phenomenon has taken the investing world by storm. Corporations, governments, and municipalities worldwide have leveraged green bonds to fund projects that . . .