Review the latest Weekly Headings by CIO Larry Adam.
- Investors fearing inflation is going into overdrive
- Providing context to the surge in consumer prices
- The disconnect between job openings & job gains
This past Wednesday was National Odometer Day, a day set aside to appreciate the technological development that has been in existence since the 1600s! With vehicles now having self-driving features, it is easy to forget the more mundane devices on the dashboard, but odometers provide important information such as the distance traveled over a specific time and insights into fuel efficiency. The word odometer is derived from two Greek words meaning path and measure, and since the virus-induced lockdowns last year, we’ve been continually assessing the path of the US economic recovery and measuring the distance needed to return to pre-pandemic GDP levels. Needless to say, as the economy has traveled many miles from the depressed lows seen during this point last year, investors are eyeing any potential speed bumps and unexpected detours that may derail the progress made.