{"id":9376,"date":"2021-03-04T06:01:12","date_gmt":"2021-03-04T06:01:12","guid":{"rendered":"https:\/\/zackspcg.com\/blog\/?p=9376"},"modified":"2022-02-26T13:05:53","modified_gmt":"2022-02-26T13:05:53","slug":"when-will-the-economy-start-rebounding","status":"publish","type":"post","link":"https:\/\/zacksim.com\/blog\/when-will-the-economy-start-rebounding\/","title":{"rendered":"When Will the Economy Start Rebounding?"},"content":{"rendered":"\n

Travis N. from\nHonolulu, HI asks: <\/em>Aloha Mitch, I\u2019m emailing you today to ask about the\neconomic rebound everyone seems to be expecting in 2021. When do you think it\nwill arrive, what will it look like, how long will it last, etc.?<\/p>\n\n\n\n

Mitch\u2019s Response:<\/strong><\/p>\n\n\n\n

Aloha, Travis! Thanks for writing from warm Hawaii to cold\nChicago. You\u2019re asking the trillion-dollar question, as everyone wants to know\nwhen the economy might \u2018normalize\u2019 and release some of the pent-up demand that\u2019s\nbeen building throughout the pandemic. Well, you may not have to wait very long\nfor the economic resurgence to arrive \u2013 in fact, it may have started already. <\/p>\n\n\n\n

Across the U.S., employment in package delivery,\nwarehousing, residential construction, and other blue-collar categories has\nsurged. In the categories just mentioned, employment now exceeds where it was\nbefore the pandemic. For residential construction, in particular, employment is\nup 1% from where it was in February 2020.1<\/sup> <\/p>\n\n\n\n

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A big part of the economic story right now goes back to the\n\u201cK-shaped\u201d recovery, where some parts of the economy (housing, e-commerce,\ntechnology) have been humming, while others (hospitality, tourism, restaurants)\nsuffer evermore with restrictions. To find the economic resurgence, it really\ndepends where you\u2019re looking. <\/p>\n\n\n\n

For those areas of the economy that are working, like\nhousing and residential construction, I think 2021 could see even more\nstrength. The federal government is on the verge of another $2 trillion stimulus,\nand the Federal Reserve is committed to low interest rates. A big portion of\nspenders \u2013 specifically in the millennial generation \u2013 are working and becoming\nnew homeowners at a record pace. Consumer spending is not likely to abate much\nin the new year, particularly as more vaccines are distributed and\nhospitalization and death numbers continue to decline. <\/p>\n\n\n\n

I\u2019ve seen other signs that the U.S. economy is firmly back\ninto the upswing with room to run. Last week, the IHS Markit U.S. composite\npurchasing managers index jumped to 58.8 for February, marking the strongest\nreading in nearly six years. Any reading over 50 indicates expansion in\nservices and manufacturing, so there\u2019s clearly strong activity there. <\/p>\n\n\n\n

The weak part of the \u201cK\u201d in the economic recovery will not\nhave to wait too much longer to see its surge, in my view. As vaccination\nnumbers pick up and the weather improves, economic activity should pick up in\nkind, and people are eager to get out and travel, spend, and resume in-person\nactivity. Maybe we see real signs of life by mid-to late-summer. Meantime,\nconsumer spending has had a strong start to the year, and is ready to continue\nrising throughout 2021, in my view. <\/p>\n\n\n\n

The economic rebound may occur sooner than later,\nand even as we experience new highs, we also have to be prepared for lows. There\nare steps you can take to protect your investments and create a retirement\nportfolio that meets your financial goals even in uncertain times. To help you\ndo this, I recommend reading our guide, 7 Secrets to Building the\nUltimate DIY Retirement Portfolio<\/em>.3<\/sup> 
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Vaccine deployment, financial stimulus, and warmer weather will all combine to re-ignite the economy <\/p>\n","protected":false},"author":3,"featured_media":7436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[66,71],"tags":[],"class_list":["post-9376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mitchs-mailbox","category-private-client-group"],"acf":[],"_links":{"self":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/9376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/comments?post=9376"}],"version-history":[{"count":1,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/9376\/revisions"}],"predecessor-version":[{"id":10440,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/9376\/revisions\/10440"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/media?parent=9376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/categories?post=9376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/tags?post=9376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}