The Pulse on the Economy and Capital Markets: August 9–13, 2021

At a glance:

• Consumers’ concerns over rising Delta variant cases are having a significant impact on the economy, from travel to shipping. Meanwhile, markets are seemingly undeterred and continue to march higher.
• Though stock market indices are at or approaching all-time highs, many are shifting to the defensive with industries that have more recurring revenues.
• • As COVID-19 cases rise again globally, air travel is decreasing while shipping costs are rising and timelines extending.
• After several months of optimistic outlooks, consumer sentiment surveys recently took a nosedive, as concerns grow over the future state of the economy.
• We’re reading about a new update in a major crypto theft case and Disney’s triumph over Netflix in the streaming wars. Plus, we take a look at the growing trend of nonalcoholic beverages and a reversal of one of Elon Musk’s biggest critics.

Related resources:

• Nearly All of the $600 Million Stolen in a Huge Crypto Heist has been Returned — but There’s a Catch
• In Streaming, Disney Beat Netflix This Round
• Trader-Turned-Brewer on the Rise of Non-Alcoholic Beer (Athletic Brewing)
• The Elan of Elon Musk

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 16, 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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