The Bull Recovers in 2021

We held our first virtual event of the year on March 30th with guest Steve Chiavarone, CFA, of Federated Hermes. For those of you that missed this fantastic event, we have highlighted a few of the talking points below. Your advisor would be more than happy to connect with you to discuss any of these topics if you have questions. Click here if you would like to see the deck that was presented. If you would like to see some highlighted comments from the presentation, please click here. The Big News is the Economic Rebound, which has been dramatic and broad based.

• Dramatic fastest economic recovery in history
  • May be at peak 2019 levels before the end of 2021.

Current Fiscal Package

• Prior to the most recent $1.9T stimulus, we had already provided 30% of GDP in stimulus. Now it is closer to 40% of GDP.
• Child Tax Credit
  • Increased from $2,000 per child to
    • $3,600 for child under 6 or $3,000 for child OVER 6 but under 18
  • Don’t need to wait for 2021 Tax Filing.
    • As early as July, they will begin distributing prorated amount monthly ($250-$300 per child)