The Pulse on the Economy and Capital Markets: August 2–6, 2021

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The Pulse on the Economy and Capital Markets: August 2–6, 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.

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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 10, 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.

This commentary contains certain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially and/or substantially from any future results, performance or achievements expressed or implied by those projected in the forward-looking statements for any reason.

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