Week of March 15, 2021

Greetings,

We hope you're doing well and staying safe. 

• Small cap stocks continued to lead the markets, with the Russell 1000 up 7% for the week and 19% year to date. 
• Rotation Continues: The move away from highly priced technology companies and to more cyclical, value oriented stocks continued last week.  Financials, energy, and real estate continued to lead the market.  This is typical of an early stage recovery move out of a recession.   
• As we mentioned last week, it is likely that the passing of the $1.9 trillion stimulus bill will result in rising interest rates on the long end of the Treasury curve.  We expect the whip-saw of technology share prices to continue as rising interest rates remain volatile, as the stimulus enters the economy and markets look for an equilibrium in rates and inflation. 

Our weekly update is linked below.

As always, please let us know of any questions or concerns you might have.   We are available either in person or virtually to meet with you to discuss your portfolio and financial plan.

John J Klobusicky, CFA, CAIA