Investors commonly see emerging markets as an asset class that requires market timing. That it comes in and out of fashion like turtlenecks and corduroys – just a short-term fad. However, don’t look for reasons this latest investment trend will soon end up in the donation pile.
The global economy stands at the dawn of a new business cycle. We outline what it could mean for investors.
March payrolls beat consensus estimates by 256,000, the largest one month increase since August. High-frequency data suggests gains in April and May could be greater than 1,000,000.
Discover how Five Wishes can strengthen client relationships.
How do you discuss finances with phone-obsessed generations? It helps by teaching them how they like to learn. Discover 10 ways to explain saving and finance to Millennials and Generation Edge.
Xers - hitting the big 5-0 is a big milestone. Uncover the three essential plans you may want to consider to protect your family and yourself.
We stand for a legacy of expertise, focused on delivering strong, long-term results. Our name reflects our progressive product offerings and growing global presence as we continue to adapt to the needs of investors.
We believe spending patterns among income groups is telling a strong story for the back half of 2021.
Spending among low-income earners returned to baseline fairly quickly with help from federal stimulus programs. However, spending in the high-income group lagged, never returning to pre-pandemic levels. We believe this represents pent-up demand and is an important driver of our above-consensus 2021 GDP growth forecast of 5%. The top 20% of income earners produce roughly 40% of the spending. Assuming our lives begin to normalize through the spring, we believe built up demand will start rolling through economic statistics, providing a strong finish to the year.
Source: Affinity Solutions, Strategas, Ivy Investments. Dates shown are January 13, 2020 through November 29, 2020. Data is the change in average consumer credit and debit card spending, indexed to January, 2020 and seasonally adjusted. Low income cohort represents zip codes with median household income less than $46,000 per year. High income cohort represents zip codes with median household income greater than 78,000 per year. Data for the week of November 29, 2020 was weak due to seasonal issues and subsequently reversed. This chart is being provided as a general source of information for education purposes only, and is not intended as a recommendation to purchase, sell or hold any specific security or to engage in any investment strategy.
