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Welcome to the latest edition of Talking Data. Our Talking Data series seeks to offer timely insights into macro market themes along with macro data and its impact on the economy and markets.

I am your host Kristen Radosh of Arbor Research and Trading. Our presenter today is Jim Bianco of Bianco Research.

Today Jim gives us a recap of the stock market in 2021, and what is next.
\\n\\u2022 The 2021 stock market has been a narrow rally driven by the largest stocks.
\\n\\u2022 Excess savings explains a lot of the rally since the pandemic began.
\\n\\u2022 What next?
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\\nThank you for joining us today. As a reminder, Arbor Research & Trading is an institutional research and brokerage firm. Our two most prominent research offerings are Bianco Research & Arbor Data Science.
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\\nFor further information on Arbor Research, Bianco Research and Arbor Data Science, please contact Gus Handler at gus.handler@arborresearch.com.