To Z or Not To Z: Why the Shape of the Recovery Still Matters
Submitted by Flynn Zito Capital Management on September 28th, 2021LPL Research is downgrading its 2021 U.S. GDP growth forecast from 6.25–6.75% to 5.75–6.25%. Growth is likely to come in at an annualized pace near 5% over the second half of the year. So, while expectations have been tempered, the recovery still has a lot of momentum, which is likely to extend well into 2022.