An Overview of the Economy and Markets

Weekly Update

An Overview of the Economy and Markets


Published May 28, 2021

This week we catch up with the folks at Schwab who provide a wide-ranging analysis on markets and the economy. Here is their latest work:

“As we move into the summer, the pace of economic growth remains robust, notwithstanding a weak April jobs report. Gross domestic product (GDP), although a lagging indicator, grew at an annualized quarter over quarter rate of 6.4% in the first quarter. That undercut economists’ consensus estimates slightly, but much of the drag was due to inventories—consumption was quite strong, growing at a 10.7% rate. (more…)