At the end of March 2020, stock, commodity and corporate debt markets rebounded sharply in anticipation of reopening data that improved later last summer.  Today, the question is when will these same markets start repricing slower growth and revenue heading into the second half of 2021, some three months hence?  If they are still leading indicators, anytime now would be typical.

The segment below is a good overview of why inflation, growth expectations and asset multiples are all up for review as we transition into the third quarter.

David Rosenberg, Chief Economist and Strategist at Rosenberg Research, talks to Financial Post’s Larysa Harapyn about where the economy and inflation are going and Canada’s hot housing market.  Here is a direct video link.