Back to Fundamentals
CFA | SVP, Chief Investment Officer
1 Most indicators remain below their pre-recessionary levels
The consensus expects a sharp quarter-on-quarter rebound for GDP on the heels of the severe decline in the second quarter.
2 Leading economic indicators continue to improve
The consensus expects at-to-above trend growth through 2021 and into 2022.
With 27% of S&P 500 companies reported, third quarter earnings are pacing ahead of expectations. 84% of companies have reported better-than-expected results.
3 So why do certain segments of the labor market continue to lag? At least part of the story is small business.
Well over half of individuals work at small businesses, many of which are struggling relative to their larger peers.
Your investments in securities, annuities and insurance are not insured by the FDIC or any other federal government agency and may lose value. They are not a deposit or other obligation of, or guaranteed by any bank or bank affiliate and are subject to investment risks, including possible loss of the principal amount invested. Past performance does not guarantee future results.
First Citizens Wealth Management is a registered trademark of First Citizens BancShares, Inc. First Citizens Wealth Management products and services are offered by First-Citizens Bank & Trust Company, Member FDIC; First Citizens Investor Services, Inc., Member FINRA and SIPC, an SEC-registered broker-dealer and investment advisor; and First Citizens Asset Management, Inc., an SEC-registered investment advisor.
Brokerage and investment advisory services are offered through First Citizens Investor Services, Inc., Member FINRA and SIPC. First Citizens Asset Management, Inc. provides investment advisory services.
Bank deposit products are offered by First Citizens Bank, Member FDIC.