ILCB - Recovery Intact; 3 Items To Watch; Bullish For Now - Market Strategy Weekly - May 7 2021

• The market has pressed to new all-time highs, and in the near term there is little to dampen optimism - the economy continues to strengthen, bolstered by monetary and fiscal stimulus, improving corporate investment and strong retail consumption.
• If anything has weighed on investors in recent weeks, it's uncertainty on the recovery’s durability in the intermediate term. Both the likelihood of a fiscal drag next year and the prospect for higher taxes play into this concern.
• This week, Strategas President Nicholas Bohnsack takes a 30,000-foot view on markets: Where we are now, where we might be in a year or two, and what Strategas will be watching most closely in the meantime.

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