The Pulse on the Economy and Capital Markets: August 2–6, 2021
August 10, 2021
At a glance:
- The COVID-19 Delta strain is a top worry for people all over the world, and recent performance indicates those concerns have made their way to the markets. On the bright side, employment looks promising and service industries are seeing a resurgence.
- The sectors of the market that are most sensitive to the health of the economy lagged last week, amid worries that global growth may stagnate due to the rise in COVID-19 cases.
- Worries over COVID-19 were buoyed by July’s strong jobs report, which beat economists’ expectations.
- We’re seeing multidecade highs for U.S. service companies, although concerns remain about input costs, labor and delivery times.
- Exxon Mobil makes a big pledge to sustainability, while Chinese retailer Shein attracts attention in the e-commerce space. We’re also reading about fintech’s growing popularity among millennials and Gen-Zs, plus a new tech trend for traders.
- Exxon Mulls Pledging Net-Zero Carbon Emissions by 2050
- Shein Is the Fastest-Growing E-commerce Company You’ve Maybe Never Heard Of
- Why Millennials and Gen-Zs Are Jumping on the Buy Now, Pay Later Trend
- How Virtual Reality Will Change Trading for Pros and Everyone Else
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About the Author
Chief Investment Officer At Aprio Wealth Management At Aprio Simeon is the Chief Investment Officer of Aprio Wealth Management and the Director of Aprio Family Office. Simeon brings two decades of professional investing experience in publicly traded and privately held companies, as well as senior-level operating and strategy consulting experiences.