The next wave of economic recovery

April 2021

The end of the disruption

U.S. stocks continued their upward climb in the first quarter of 2021 with the S&P 500 gaining 6.2% and a whopping 56.5% over the past year through March 31st. Last year’s lagging sectors, energy (-32.5% in 2020) and financials (-1.7% in 2020), have become this year’s best performing sectors. In Q1 2021, energy was up 30.8% and financials were up 16.0%…

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