Investment & Economic Strategy Update — March 2, 2021
In Our Opinion:
The economy overall is picking up steam for 2021 and the US is moving toward a substantial economic recovery. Expect GDP growth for the US to be 4-5% or even higher this year with an economic outlook over the next 3-5 years looking very good. We could even see a bull run on the market over the next decade.
We see the equity markets doing quite well this year and the savings and stimulus money from 2020, as well as this year, has created pent up demand for spending in 2021 & 2022.
As for interest rates; We don’t see rates increasing by much this year nor do we see a potential for a Jimmy Carter era level of inflation, although we can expect some inflation this year.
Lastly, even though we don’t see the stock market as a whole in “bubble” territory; there are certain pieces of the stock market that are which is why having a real money management firm like Rezny Wealth Management is so crucial.
If you have questions or concerns about your portfolio, give us a call. (800) 618-8577 or visit our website, www.ReznyWealth.com and schedule a consultation.