Economy Picking Up Speed
Submitted by Frye Financial Center on May 18th, 2021
The economic recovery continues, as the recipe of vaccines, the reopening, and record stimulus all have combined to produce what should be one of the best years for growth ever. Although some economic indicators could be peaking or about to peak, the stage is set for this cycle of growth to continue for many years, which may surprise some investors. As Ryan Detrick, CMT, Chief Market Strategist, LPL Financial, explains, "With an improving economy, massive levels of fiscal and monetary stimulus, and rising vaccination rates, we don’t expect any pullbacks to last very long, and we’d use any that appear as a buying opportunity." Read more.