The Plentiful Job Market. Rising wages appear to be drawing more workers back into the labor force, with the number of people either working or looking for work up 162,000 per month in the past year, even as the US continues to face the demographic headwind of an aging Baby Boom generation.
U.S. Economy is Rising! But…A solid 3.5% real GDP growth rate reported for Q3 wasn’t enough to appease the doomsayers.
Economic growth continued at a robust rate in the third quarter, supporting the case for both a continued bull market in stocks and further rate hikes from the Fed. But that won’t stop the pessimists…
The investment markets. It’s heartburn, not a heart attack. The odds of a recession happening anytime soon remain remote, we have it at 10% or less. And a recession is what it would take for us to expect a full-blown bear market. In other words, the current downdraft is just heartburn, not a heart attack.
Fed Chair, Jerome Powell Moves Investment Markets…market can handle higher interest rates and continue to rise. Higher rates are coming, but that doesn’t mark the end of the recovery or the bull market.
No Looming Recession. We’re sure the economy will eventually face another recession… although our best bet is that the next recession will be mild compared to the last. When it happens, the pessimists will tell you how they got it right all along.