The Pulse on the Economy and Capital Markets: July 26–30, 2021

August 3, 2021

At a glance:

  • Earnings season is here, and it has revealed slowing growth in one of the biggest pandemic-affected areas: eCommerce. Plus, we take a look at new GDP and consumer and business spending numbers you should know.
  • Companies have released their earnings reports for the second quarter, which showed a potential slowdown eCommerce, growth in online advertising and constrained supply chains.
  • Though GDP growth was generally a big miss in the second quarter, there were some hidden benefits mixed in with the headlines.
  • Great news — consumers are spending and so are businesses, with much of their focus on equipment and intellectual property.
  • We’re reading articles focused on the bipartisan infrastructure bill, a new fintech merger, a billion-dollar purchase in retail and new challenges for top streaming companies.

Related Resources:

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 3, 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.

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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.

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About the Author

Simeon Wallis

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.