February 19, 2021
Review the latest Weekly Headings by CIO Larry Adam.
Yesterday was National Battery Day, and if the catastrophic winter storm that caused power outages across the state of Texas didn’t already give us a renewed appreciation for electricity, the critical need for batteries in the distribution process for vaccines surely has. Whether it be for the forklifts in the warehouses, the ground transportation at airports, or the refrigerated trucks and mobile storage units, the use of batteries is paramount when it comes to providing protection against the COVID-19 virus. And it is this exact, gradual process of the US achieving herd immunity that we believe will ‘recharge’ the services sector and truly ‘turn the switch’ on for the US economic rebound. But as the macroeconomic backdrop improves, worries that inflation will ‘surge’ higher will be fueled. The expression “knowledge is power” often holds true when it comes to investment strategy, so we offer our insights on how to position your portfolio in light of our inflation and interest rate expectations in the months ahead.
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