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Quarterly Reviews Paul Thompson, Jr. Quarterly Reviews Paul Thompson, Jr.

Second Quarter 2021 Review

U.S. stocks marched higher in the first quarter, with the S&P 500 pushing through 17 new highs and reaching 4,000 for the first time. “Risk-on” sentiment is being driven by improving economic data, a sense that the pandemic is nearing its end in the US, and what is perhaps the greatest fiscal stimulus experiment in the country’s history.

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Quarterly Reviews Paul Thompson, Jr. Quarterly Reviews Paul Thompson, Jr.

First Quarter 2021 Review

The S&P 500 index priced-in the pandemic-fueled recession in record time, but it also rallied sharply off the bottom in given hyper-accommodative monetary policy, massive fiscal spending, and anticipation of a strong growth rebound sometime in 2021. In spite of all the challenges 2020 presented, U.S. stocks rose +18.4% for the year.

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