The theme this week on the One Minute Retirement Tip podcast is: the mid-year outlook 2021. I’m here with my dad and we’re combining our collective 50+ years of experience managing clients’ money to share some insights about what’s going on in the economic and investment landscape right now. Today we’re talking about the stock market. 

What’s been driving market trends and performance so far this year? 

“Stocks follow earnings.” And earnings exploded in the first quarter, causing analysts to raise expectations. They now see S&P 500 earnings rising 35% and revenues rising 12% for all of 2021. Moderate price gains and bulging profits are making stocks more reasonably priced.

With the market up 14% for the year and 90% off the lows (March 2020), it would not be a surprise if stocks pulled back from recent all-time highs. The market needs time to clear out excesses caused by meme speculation, record margin borrowing and a rash of new IPOs. 

That’s it for today. Thanks for listening! My name is Ashley Micciche here with my father, David Wilson, and this is the One Minute Retirement Tip. 

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