Investor Letter Summer 2021

Insights | Investor Letter Summer 2021

The first quarter of last year seems a distant memory, fading since the pandemic swoon. The equity markets continue to climb the proverbial “wall of worry.” Concerns over rising inflation, variants of COVID‐19 and potential policy missteps from the Fed and Washington have had to compete with strong economic and earnings growth. Click here to read this quarter's Investor Letter which touches on our thoughts and viewpoints as we enter the second half of 2021.

Thank you for your continued confidence and support and we are always available to answer any questions from you or your clients. Additional commentary can be found on our blog at

HORAN Capital Advisors, LLC is an SEC-registered investment advisor. The information herein has been obtained from sources believed to be reliable but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results. Market conditions can vary widely over time and there is always the potential of losing money when investing in securities. HCA and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only and is not intended to provide and should not be relied on for tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.