The Pulse on the Economy and Capital Markets: August 9–13, 2021|
Reading Time: 2 minutes
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.
- 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
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.
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.
No graph, chart, or formula in this presentation can be used in and of itself to determine which securities to buy or sell, when to buy or sell securities, whether to invest using this investment strategy, or whether to engage Aprio Wealth Management, LLC’s investment advisory services.
Investments in securities are subject to investment risk, including possible loss of principal. Prices of securities may fluctuate from time to time and may even become valueless. Any securities mentioned in this commentary are not FDIC-insured, may lose value, and are not guaranteed by a bank or other financial institution. Before making any investment decision, investors should read and consider all the relevant investment product information. Investors should seriously consider if the investment is suitable for them by referencing their own financial position, investment objectives, and risk profile before making any investment decision. There can be no assurance that any financial strategy will be successful.
Securities offered through Purshe Kaplan Sterling Investments. Member FINRA/SIPC. Investment Advisory Services offered through Aprio Wealth Management, LLC, a registered investment advisor. Aprio Wealth Management, LLC and the Aprio Group of Companies are not affiliated with Purshe Kaplan Sterling Investments.