The Canadian and U.S. stock markets are at record levels. Companies have started reporting their results for the second quarter of 2021 and they are very encouraging. Overall, sales and profits are exceeding expectations, and the market has revised upwards earnings forecasts for the next few quarters.
Since the start of the year, the stock and bond markets have been in constant flux. In our article of June 2, 2021 (What’s in store for the second half of 2021?), we mentioned a strong rotation between management styles and different sectors.