With Economic Recovery Intact, Stocks Are Near Record Again
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Published Friday, October 22, 2021 at: 5:00 PM EDT
Despite the Delta variant, inflation fears, supply chain disruptions, and uncertainty in Washington on spending and tax policies, the economic recovery from the pandemic meltdown remains intact. After losing about 5% in September, the Standard & Poor’s 500 stock index has rebounded in the last three weeks and closed at a new record high on Thursday. The 60 economists surveyed in early-October by The Wall Street Journal expect the expansion to extend over the five quarters ahead. The consensus forecast is that the growth rate for the third quarter of 2021 will land at 3.1%, followed by 4.8% growth in the current...
This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation. Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.
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