Don’t get high on your own supply.
Investors are facing a wall of worry with Inflation, the Delta Variant, China, and U.S. Fed policy being top of mind. The wall of worry is indeed real, yet even in the face of these headwinds, markets continue to remain resilient. Throughout the second quarter, market participants grappled with these themes dominating headlines, with each emerging at different times. In this newsletter, we focus on inflation risks, as all of the issues mentioned above are linked to one another and affect future capital market returns.