Assessing the Changing Landscape: Stronger Growth vs. Higher Interest Rates (03/21)

The internal battle being fought within the markets right now presents investors with inherent contradictions. On the one hand, economic and corporate earnings growth is exceeding previous expectations, which the markets should like. However, the resulting rise in long-term interest rates and subsequent risk of modestly higher inflation is something they are not cheering. These developments were not on the landscape when the calendar turned to 2021, but they now occupy the attention of investors far and wide. In his new podcast, Transamerica Asset Management, Inc., CIO Tom Wald summarizes what’s unfolding and breaks down the moving targets to follow.