News and Insights | Harris Fraser

News and Insights

Research Insights
17 Jun 2021

US – Higher Inflation Risks Monetary Tightening

The cyclical recovery trade remains in place, investors continue propping traditional cyclicals such as industrials and financials up. Growth sectors on the other hand faced headwinds as the risk of interest rate hike looms. Over the month, the cyclical heavy Dow Jones gained 1.93%, the S&P 500 was only slightly up by 0.55%, while the tech heavy NASDAQ was down 1.53%.