Thanksgiving 2021: Reasons to be thankful in US markets

clock • 5 min read
Cormac Weldon of Artemis
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Cormac Weldon of Artemis

As Americans enjoy a Thanksgiving breather, the stockmarket offers plenty to be grateful for.

The S&P 500 achieved a notable landmark this month, doubling in value since the grisly correction in March 2020.  The International Monetary Fund believes the US economy will grow 6% in 2021 and 5.2% in 2022. The rise of the Delta variant of Covid, which has stalled the return of overseas travel, has prompted others to revise growth expectations downwards. Goldman Sachs, for instance, has recently cut its growth target for this year from 5.7% to 5.6%.  This modest slowdown may explain why those of us who have invested in cyclical stocks, like electronic payments companies, have ...

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