Lessons, Speculation and Economic Recovery – Entasis Newsletter 2Q2021

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Newsletter Summary

  • History has shown us that over time clients will be better off if we patiently manage risk in a way to participate strongly in market rallies while doing a better job defending client capital as markets inevitably recede for a time.
  • Many traditional stock valuation measures have become stretched.  This has led to questions about the veracity of these metrics and their potential impact on future market returns.
  • Despite regional outbreaks of COVID-19, the global recovery is on track. With global activity measures improving, forecasters expect the global economy to expand by 5.8% in 2021.