Investment Quarterly – July 2021
Lee Turner & Associates entered its 31st year in June and while we paused to celebrate the anniversary, markets continued where they left off last quarter. We noted at the time how investors were obsessing over several binaries—re-openings versus shutdowns, variants versus vaccines, inflation versus unemployment, cyclical versus growth, and finally, young traders versus old investors. These tensions came no closer to being decided and in many cases, intensified.
While the securities we invest in continued to climb alongside the market during the quarter, we are keenly aware that volatility tends to accompany such rises.