2021 Mid-Year Outlook For Inflation And Growth Vs. Value Stocks

The higher than expected CPI and Core CPI numbers include components such as the parabolic increase in used and rental cars, says Liz Ann Sonders, Senior Vice President at Charles Schwab. The second quarter will likely have the peak growth rate for both the economy and corporate earnings, she adds. She points out there are some supply chain issues easing, and lumber, iron ore, and copper prices are coming down. She says for now, inflation looks "transitory," but the labor market slack holds the key to whether it becomes more persistent. She discusses the upgrade to energy sector and a downgrade to the financial sector. She says watching the 10-Year Yield (TNX) is incredibly important.

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2021 Mid-Year Outlook For Inflation And Growth Vs. Value Stocks

The higher than expected CPI and Core CPI numbers include components such as the parabolic increase in used and rental cars, says Liz Ann Sonders, Senior Vice President at Charles Schwab. The second quarter will likely have the peak growth rate for both the economy and corporate earnings, she adds. She points out there are some supply chain issues easing, and lumber, iron ore, and copper prices are coming down. She says for now, inflation looks "transitory," but the labor market slack holds the key to whether it becomes more persistent. She discusses the upgrade to energy sector and a downgrade to the financial sector. She says watching the 10-Year Yield (TNX) is incredibly important.