Defying Gravity

Volatility in the markets increased during the third quarter as fears rose that soaring Covid cases could slow the economic rebound we have been experiencing for the past year and a half. Consumer confidence numbers took a nosedive in September, and with consumers accounting for two thirds of U.S. economic activity, worries have risen that we are facing economic headwinds. In addition to the potential of a slowing economy, the increasing fear that inflation might be getting out of hand has also weighed on investors. It is an interesting time right now and economic and market uncertainty is climbing.

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