Two All-Time Highs Across Indexes on Friday, Potential Headwinds for Markets in July Likely Followed by Strong 2H
Jul 2, 2021
• 5
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Summary
- S&P 500 closes at another all-time high of 4,352.34 up from 4,280.70 last Friday. The DJIA inched closer to its May ATH and the Nasdaq hit an ATH.
- The delta variant is rising, and we have amended our base case to now reflect a surge in the states with the lowest proportional levels of vaccinated residents.
- While there are complicated headline risks and problematic developments with COVID-19 economic data remains very strong and re-opening will be hard to restrain.
- We discuss 1H2021 and what we see on the horizon for the 2H2021. Despite short-term headwinds we e...