Market Insights for August 2020

From a fiscal and monetary perspective, the strategy to grow our way out of the problem by governments and central banks around the world could prove to be more difficult as it will require stronger real growth or faster inflation, or some combination of both. Technological change could be the key driver of this, but there are still limits to how much potential growth gains can be garnered. It’s clear that the initial recovery phase has been the easy part, and beyond the summer we expect economic activity to wane somewhat as consumer caution lingers. At this time, the economy as a whole appears to be on a long and bumpy road, but one we believe the U.S. will continue to lead and is determined to tackle, especially if the Republicans are rewarded with a second term. History has shown us; with their backs against the wall, the grit, entrepreneurial spirit and ingenuity of the USA, rallies to overcome whatever obstacle it faces. ​

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