
Market Comment from Pacific Wealth Management (March '21)
U.S. economic growth is accelerating as rising vaccinations, increases in vaccine production, and easing social-distancing policies are beginning to inspire more business activity. Vaccine rollouts around the world are progressing at different speeds. Despite China having one of the world’s slowest vaccination rollouts, Chinese stocks have been among the most productive this year. The U.K. was the first country to begin vaccinations and remains the leader worldwide, with the U.S. a close #2. Vaccine distribution and herd immunity will go a long way toward releasing a considerable amount of pent-up consumer consumption demand.