In this edition:
- Investors are heading into the second half of 2021 in a buoyant mood after an encouraging first half of the year for markets, supported by accommodative policy and rising growth expectations.
- Though the global growth spurt may peak sometime this year, the fundamental backdrop for equities remains positive.
- Private consumption, the driving force for the GDP expansion and company earnings, is underpinned by healthy finances.
- Higher inflation is the biggest risk factor, potentially creating more market volatility.
This article was previously published on Tilney prior to the launch of Evelyn Partners.