The following are the headlines discussed at Aldwin Callen's Monday morning briefing:
- Peak US economic growth is projected in the second quarter of 2021 (+9.2 percent vs. the second quarter of 2020); 2–3 percent growth is expected in 2022 as the pandemic subsides.
- Housing starts in the United States increased by 6% in June compared to the previous year, but building permits declined by 5% due to rising costs and shortages.
- The federal ban on mortgage foreclosures ends July 31 or Sept. 30, affecting nearly 2 million households; mortgages may be restructured to lower payments.
- According to a US energy official, the US has to spend $1 trillion per year on climate change mitigation (up from $200 billion today) in order to fulfill 2035 and 2050 clean energy targets.
Important Information
Aldwin Callen's wealth management may provide you information about its products and services through this material. The information presented here may not be appropriate for all investors, and there are risks associated with making an investment based on the ideas presented.
This document may contain information regarding Aldwin Callen' brokerage and investment advising services. We encourage clients to speak with their Aldwin Callen representative about the products and services they are considering and to clarify any questions they may have about the distinction between brokerage and investment advisory services, including the obligation to disclose conflicts of interest and act in their best interests.
Aldwin Callen may hold a position for itself or one of our other clients that is inconsistent with the information, opinions, estimates, investment strategies, or viewpoints contained in this paper. Aldwin Callen or its affiliates may maintain a stake in or operate as a market maker in any of the financial instruments discussed herein, or act as an underwriter, placement agency, advisor, or lender to such issuer.
© 2021 Aldwin Callen. All Rights Reserved.