This Mid-Year Economic Outlook reviews the first half of 2021 and assess the outlook for the economy and financial markets over the remainder of the year. A powerful economic reopening, additional fiscal stimulus, and corporate profit growth bode well for stocks but rising inflation, high stock market valuations, and rising bond yields pose challenges.

 

 

Discussion topics include:

  • Our outlook for stock and bond markets
  • Inflation risks
  • Changing stock market leadership