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Market Watch Weekly | June 30, 2021 | Q2 PM Commentary

Erik Dekker - Jun 30, 2021

As we close the chapter on the first half of 2021 and herald the coming summer months, we look back on what continues to be a truly historic period for financial markets. After last year’s false start, the prospects for a sustained reopening of economies through the second half of 2021 appear promising. The vaccination rollout as well as prior COVID-19 infections mean 60-70% of the population in most developed economies should have some immunity by early in the third quarter. This, plus the large U.S. fiscal stimulus has shifted investors from worrying that growth will be too slow, to now fearing that growth will be too fast and put more upward pressure on interest rates.

 

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