PGIM Investments: Back to growth realities

The resurgence in cases from the Delta variant, the Federal Reserve signaling rate liftoff sooner than markets expected, and high inflation data from continued supply-chain issues and higher commodity prices challenged markets in the third quarter. Investors questioned whether these conditions would stall the growth stock rally seen since the COVID-related lows last March. Mark Baribeau, CFA, Head of Global Equity at Jennison Associates, doesn’t believe this to be the case.

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