The Orchard Group at Morgan Stanley

High valuations and higher interest rates should limit 2021 upside in the S&P

In observance of Memorial Day, our business will close at 3:30 today and will be closed all day on Monday, May 31. We appreciate all those who gave the ultimate sacrifice so we can live in freedom.

"As of May 25, 2021, the 7-day moving average for COVID-19 deaths was 435, the lowest since March 30, 2020." Read the latest data in this week's "COVID-19 Tracker" from First Trust here. Stay safe and strong!

We are pleased to announce that Perry has recently completed the Firm's Insurance Accreditation Program and now holds the Insurance Planning Director designation. Financial advisors who have achieved this designation can work with clients and provide a higher standard of care around how liability management can be incorporated into their comprehensive wealth plan. Congratulations, Perry!

This week's "Monday Morning Outlook" from First Trust discusses inflation and the Fed's approach. Read the details here: https://www.ftportfolios.com///5/24/a-question-for-the-fed

Congratulations to Serena, our Portfolio Associate, who celebrates 21 years with Morgan Stanley! We appreciate her loyalty and the knowledge, professionalism and kindness that she shows to our clients and our team.