Q2 2021: The Consequences Are Always Unintended

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The second quarter of 2021 continued the upward market trends of the first quarter, propelled by several of the same powerful forces: sustained stimulus spending, continued accommodative Federal Reserve policy, and further “reopening” activity amid an expansive rollout of COVID-19 vaccines.

Just a year ago, the waters were still choppy from the steep, quick drop of March 2020. Given those recent experiences, it is remarkable to see how far the markets have come. 

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