Stop the Madness! Please do not be alarmed! West Financial is not calling for an end to the NCAA basketball tournaments, despite the fact it would save us from time spent on bracket predictions that are busted the first weekend.
Looking back over last year, individuals yearned for the post-pandemic environment. The vaccine roll-out had everyone hoping for a return to their old routines. During that time, governments and central banks continued to provide stimulus to ensure a durable economic recovery from the worst pandemic since 1918. While the recovery has gained strength, growth has been uneven.
Ground Control to Chairman Powell…
Over the past 18 months, we suggested that the Federal Reserve’s (“the Fed”) policy response to the global pandemic has been a success, acknowledging in the last quarterly letter that it may be about time to end emergency funding policies.
Don’t Stop Believin’ - Do you remember the song “Don’t Stop Believin’” by the band Journey? Chairman Jerome Powell of the Federal Reserve (“Fed”) does and he is telling us that inflation is transitory."
Too Hot in the Hot Tub! Spring is upon us, and temperatures outside are rising. Investors are noticing that the weather is not the only thing heating up. Economic indicators illustrate that growth in the U.S. economy is accelerating as states continue to relax COVID-related restrictions.
The Comeback Kid Part II — The Road to Recovery
Movie sequels are notorious for being lackluster experiences, with profits prioritized over original ideas — Ghostbusters II comes to mind. Then there are movies that are equal to, or even better than the original, as fans of the Godfather series will attest
Who doesn’t love a great comeback story? This type of narrative usually occurs after the protagonist experiences some type of hardship and all hope appears lost.
“Everyone has a plan until they get punched in the mouth.” – Mike Tyson
Pop the champagne and please excuse investors for feeling jubilant. After all, it has been quite a turn of events since one year ago.
