Global Portfolio Strategy
Second Quarter 2021
Inflation: A Supply Phenomenon
Inflation derives from a supply & demand imbalance. It is temporary phenomenon.
Follow the equity cash flows for value.
A Daily Summary of Public Market Asset Class Returns.
Source: Data from IEX Cloud. CRM calculations. All returns are expressed in percent. One, Three, and Five-Year numbers are annualized rates. MTD = Month-to-Date. YTD = Year-to-Date. ETF represents indicative Exchange Traded Fund. Data updated at the end-of-day.