2021 Q2 Newsletter June 30, 2021
As we enter the summer months of 2021, statistically we can say that the worst of the pandemic is behind us. In America, 67% of the population 18 years and over have received at least one dose and 58% are fully vaccinated. In Canada, 34% are fully vaccinated. We have been looking forward to this improvement for over a year and look forward to connecting with family and friends in the coming months. Since financial markets are forward looking, they have been discounting better economic growth since last year’s lockdown. Since the March 2020 lows, equity markets have posted strong positive returns for 5 consecutive quarters.
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