2021

Market Outlook Do you think Milton Friedman is regaining some respect at the Federal Reserve and among Modern Monetary Theorists as the +30% rise in M2 appears to be fueling an increase in inflation?  Our January 2021 Cassia Capital Partners newsletter led with a shout out about M2 growth and the linkage between liquidity and…

Market Outlook Although we are returning to normalcy in our daily routines, resuming travel for summer holidays, and hopefully putting COVID-19 lockdowns behind us, it is worth noting that our current economic recovery is anything but normal.  Thankfully, growth in the United States and globally is surging in somewhat of a synchronized manner as we…

Market Outlook The financial markets are floating in a “sea of liquidity” these days, enjoying the calming effects of low interest rates, low inflation, mobility returning to the economy, COVID vaccinations, and corporate earnings rocking analyst forecasts.  Furthermore, GDP forecasts for the US this year are in the +6% to +7% range.  Fed Chairman Jay…

Market Outlook In 1992 James Carville was credited with coining the phrase “it’s the economy, stupid” to highlight a key factor driving opinion in the Presidential election of that year. In a similar fashion for 2021, one might summarize the primary factor impacting financial markets as “it’s all about the liquidity.” While this is an…