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The ongoing pandemic and trillions of stimulus dollars governments injected into economies to support businesses and consumers have created many dislocations that will take time to work through. Supply-chain bottlenecks, labor shortages, and pent-up demand are creating inflation at levels we have not seen in 40 years. Today this inflation is more of a concern to the average investor than COVID. Although we expect the pace of economic growth to slow because of these dislocations, we remain optimistic our American economy will continue expanding in the new year.

ESG stands for Environmental, Social & Governance. ESG funds originated from investors’ desire to align their values with their investing. They wanted to be socially conscious with their money, supporting ethical behavior and social causes important to them, without sacrificing returns. They also wanted some standardization and for a third party to do the vetting for them. The ESG criteria and designation allow investors to evaluate investment opportunities based on not only the financial data but also on what many consider to be moral grounds.

It has been the subject of many social conversations and news articles: Cryptocurrency and blockchain. The topic has inspired so many questions: What are they? Is it legitimate or just a scam created by internet thieves? What does it mean for the future of technology and the U.S. dollar? Should it be a part of my investment portfolio?

Although the pace of our resurging economy has slowed, stock markets in developed economies have remained strong. The impressive strength in the equity markets of stocks and real estate have, to a degree, been driven by the lack of attractive investment alternatives within this low-interest rate world.

Our first webinar in a series of live webinar presentations designed to provide insight into Pacific Wealth Management's view of the economic landscape and its effect on markets. This one is titled 'Cautious Optimism'. Please enjoy and be sure to join us next quarter during our live presentation.

We have lived with a budget deficit for so long and without palpable repercussions that we rarely contemplate its potential practical implications for our country’s or ultimately our own finances. Unlike unemployment, for example, the national deficit is not an immediate economic crisis. Plus, the numbers are so staggering that trying to get one’s mind around them is like trying to fathom the enormity of the universe. In the wake of a massive government spending campaign to provide COVID-related relief, however, more people are taking the deficit seriously and feeling uneasy about all the borrowing, warranted though it may be.