The Pulse on the Economy and Capital Markets: August 16–20, 2021

At a glance:

• Recent market performance shows just how much investors are worried about the future of the economy, amid rising COVID-19 cases. On the bright side, interest and investment in tech are booming.
• Markets fell short last week, while bonds held steady — a sign that investors are growing uneasy about the future outlook.
• As interest in fintech and cybersecurity has grown, tech companies and investors have accelerated the pace of their investments amid the pandemic.
• Is Instagram out and TikTok in? According to digital advertisers, the answer seems to be a resounding yes.
• Shipping woes have retailers growing weary about the holiday season, while the chip shortage prompts Toyota to cut output. Plus, a giant SPAC deal gets axed by legal drama and the country’s second-largest mortgage lender is getting in on the crypto craze.

Related resources

• Logistics Hot Mess Has Retailers Facing Grim Holiday Season​
• ​The Chip Shortage Strikes Again: Toyota to Cut Output by 40 Percent​
• Second-largest US Mortgage Lender Will Accept Payment in Bitcoin​
• Bill Ackman Calls it Quits on His Giant SPAC Days After Shareholder Lawsuit

Disclosures

Investment advisory services are offered by Aprio Wealth Management, LLC, a Securities and Exchange Commission Registered Investment Advisor.  Opinions expressed are as of the current date (August 25, 2021) and subject to change without notice. Aprio Wealth Management, LLC shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, the information, data, analyses or opinions contained herein or their use, which do not constitute investment advice, are provided as of the date written, are provided solely for informational purposes and therefore are not an offer to buy or sell a security. This commentary is for informational purposes only and has not been tailored to suit any individual. References to specific securities or investment options should not be considered an offer to purchase or sell that specific investment.

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