A Few Words of Caution

Economies go in cycles, and boom times never last forever.

With inflationary pressures on the rise and the economy looking more and more stable, at some point the Fed will probably raise interest rates to keep the economy from overheating, as well as tapering its asset purchases. Both of those moves would signal headwinds for the stock market. And we're also facing a wild card with the pandemic as a resurgence of virus cases raises the specter of a new round of local restrictions.