Nobody has a crystal ball; Wall Street certainly doesn’t. At the end of last year, most economists were predicting a recession in 2023. The average prediction for the S&P 500 for 2023 was 4,029; a 5% increase from year-end. Flash forward to almost year-end - we certainly aren’t in a...
The US economy continues to be very resilient. Pundits have been predicting a recession for a while, and many still are predicting one. A major reason for resilience has been the relative strength of the consumer. Employment levels have remained very strong with the unemployment rate at 3.8%. The September...
The U.S. economy and consumers have been a lot more resilient in 2023 than many expected. Entering the year, most economists predicted a recession due to the high inflation rate and the aggressive interest rate increases from the Federal Reserve. Flash forward to mid-August, and inflation has been declining for...
