From Chief Investment Officer Tom Veale,
“August proved to be a fairly generous month for equity investors overall, as has 2021 year to date. As our Market Risk Indicator shows, the spike in risk seen earlier this year has been moderating through the Summer months. As of this last Friday the S&P 500 Index is up over 21% for 2021. Most domestic indexes are also up nicely. The surge we saw in New Issues has also quieted.