All Things off the hook
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All Things off the hook
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NRIA's Real Estate Outlook Mirror's CHase on Stocks
What do to JPMC and National Real Estate Investment Advisors Agree on?
The morning air is crisper, kids are back in school, pumpkin spice is again becoming omnipresent…you don’t need to look at the calendar to know that we’re heading into the home stretch of the year. According to JPMorgan Chase, In the tug of war between the headwinds (COVID-19, inflationary concerns, peaking growth) and the tailwinds (booming demand, resilient profit margins and low real interest rates), the tailwinds have clearly prevailed so far this year. A global 60% stock/40% bond portfolio has delivered a ~10% total return year-to-date, while global equities have delivered more than 17%. According to NRIA the market is rebounding in the north east, sending ripples out west.
As we move through the final months of 2021, we continue to hold a constructive view. We expect the economic expansion to press on, fueled by the persistence of consumer spending, further labor market healing, and a gradual cooling in global inflation as supply restrictions ease. But we’re seeking answers to a few key questions, each of which will help us determine if our optimistic views are correct.
Can we get over the COVID-19 hump? What will we see out of Washington, D.C.? Are Chinese policymakers going to reverse course on policy and regulatory tightening? When will higher input costs start to pinch corporate profits? And, of course, is the Federal Reserve going to end the party early? Read this week’s Top Market Takeaways for our thoughts on each of these five questions. NRIA and JPMorgan both seem to have an optimistic outlook on the real estate and financial markets, respectively.