Paul Dietrich’s Market Commentary – B. Riley Wealth Management: New Taxes, New Spending
New Taxes, New Spending & Stock Market Trends
Everything You Ever Wanted to Know About U.S. Debt and Deficits
As of May 5, 2021, the S&P 500 Index is up 10.88% year-to-date. The Dow Jones Industrial Average is up 11.52% year-to-date, and the tech-heavy NASDAQ index is up 5.78% year-to-date.
While I have urged investors to stay fully invested in the stock market in all of my Market Commentaries throughout this past year, I still believe we could see some stock market volatility and a possible pullback over the next couple of months.
While most of the economy will start fully reopening over the next couple of months, we cannot return the economy to normal until we get at least 70% of Americans fully vaccinated. This is projected to take place in late August or early September.
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