Wealth Management - Second Quarter 2021 Review

Posted by Will Burnett on Aug 18, 2021 10:35:15 AM

Owner Resource Group is pleased to provide the following wealth management insights from Round Table Wealth Management.

Second Quarter 2021 Review

Dear Clients and Friends,

We hope you are enjoying summer! The “dog days of summer” were not discouraging the markets as they continued their upward trajectory with all major equity and fixed income indices generating positive performance for the quarter. As inflation concerns waned, growth equities rebounded and outperformed value-style investments by 6.7% based on Russell 1000 data. The subdued inflation outlook benefited fixed income investors as yields fell and prices increased, allowing the Barclays U.S. Aggregate Bond Index to recoup 1.8% of its negative year-to-date return.

We have not made any material changes to our portfolio positioning since our last correspondence. As we discuss in the Big Picture section below, consumer spending and cash levels (purchasing power), employment opportunities, historically low interest rates and massive government spending all support continued overweight allocations to equities. We recognize risks remain such as mounting U.S. debt, a high probability of tax increases and the COVID-19 Delta variant that is causing concerns outside the U.S.

We welcome a conversation with you to discuss our outlook. If you would like to learn more, please contact us for a personal meeting.

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Topics: Wealth Management