In this week's episode, KBRA Chief Strategist Van Hesser discusses:
1. The spread of the delta variant is keeping the pandemic on the radar of investors, and contrary to some, we believe it is impacting economic behavior.
2. A number of useful proxies for economic growth have rolled over. It’s worth considering as you think through the second half.
3. The Fed says the real unemployment rate is 8.7%. There remains considerable slack in the labor market.