By Tom Burnett CFA On June 8, 2021, the World Bank released its updated global GDP growth forecast models from the January 2021 Report. The WB now expects world growth of 5.6% in 2021, an increase of 1.5% from the January Report. If achieved, this rate of global growth would be the fastest annual rate…
By Tom Burnett CFA According to data from the June 7, 2021 Wall Street Journal, the commodity sector has shown the most positive price performance of any of the asset classes in the more than 100 items followed by its database. Based on closing prices on June 4, 2021, the Bloomberg Commodity Index is…
By Tom Burnett CFA On June 4, 2021, the Bureau of Labor Statistics issued its Employment Report for May 2021. The Report indicates that the economy is recovering strongly and providing evident job creation opportunities. In the three months ending in May, the economy added a total of 1.65 million new…
By Tom Burnett CFA On May 31, 2021, the Organization of Economic Cooperation and Development (“OECD”) issued its updated forecasts for global GDP growth in 2021 and 2022. The update builds on the December 2020 projections. In most cases, the growth estimates have been raised, but the current picture…
By Tom Burnett CFA As the U.S. stock markets grind upwards slowly after the recovery from the March 2020 lows, investors have become more sensitive to inflation and interest rates. Rising rates could halt the rise in the equity markets as investors devote more resources to alternative investments that…