The stock market has rallied since the election of Donald Trump in an unprecedented fashion. It has broken records for most consecutive positive months, the first calendar year on record to not have a losing month, the longest streak without a 3% or 5% correction, the lowest daily standard deviation,
GDP Growth at a 2 Year High!
US GDP Growth Roars Back
US Finally Showing Its Strength
GDP Crushes Estimates
GDP Number Throws Wrench In Trump’s Economic Attacks
Those are all nice headlines, especially for those supporting the incumbent party. If you ignore my comments on the
From the Fed, to the Congressional Budget Office, to most mainstream economists, “average”, “trend” , or “normal” growth is assumed to be around 3%. During this economic recovery we’ve only seen GDP growth exceed the “normal” rate once…
What should we expect from the economy over the short & long-term?
What does this mean for the Fed and their interest rate decisions?
Most importantly, how should investors be positioned?
2nd Quarter GDP growth again fell below expectations. While many market participants view this as good news as it may keep the Fed from raising rates in the near future, sooner or later the lack of growth should hurt stock prices.
The Fed assumes the economy will return to
