Outlook 2021 - Mid Year Update

Hard to believe it, but we have reached the midpoint of 2021 already and have finished one of the best first-half starts in years.  In fact, with a gain of 14.4% it was the S&P's second best first-half performance since 1998.  For the record, the Dow ended the first-half with a 12.7% gain, the Nasdaq with a 12.5% gain, and the small-cap Russell 2000 with a 17.0% gain!

The S&P has now advanced more than 5% in five consecutive quarters - for only the second time in history (1953-1954).  Back then, stocks added another 26.4% over the next four quarters, so perhaps we should be open to the possibility for continued strength in the second half of the year and into 2022.

Everything about the past year-and-a-half has been unique and it is as important as ever to maintain an intelligent framework for decision making. To this end, we are pleased to present our Outlook 2021 Mid-Year Update. Here you will find our latest forecasts for what may be coming our way.