Welcome to our look back at the previous month and a look ahead to what we might expect to see throughout July and beyond.
We started the month with COVID optimism, in almost every asset class, but we are finishing the month with a tinge of pessimism. The new variant — COVID-19 Delta Plus — may have changed the rules in our fight against the pandemic.
COVID vaccine programs are still progressing but we finished the month with cities like Sydney, Australia going back into lockdown as we all discover the poor vaccination rate in that country.
The US Executive Branch and Congress will be debating and negotiating a massive infrastructure plan into the next few weeks and months, which will affect the USD as we move forward.
The issue of trade relations with China came back into play with many economies starting to work together to confront China about everything from Coronavirus to human rights to IP protection. Some countries have tried to take on China independently such as the Trump administration, some time ago, and the Australian government earlier this year.Read More