Please take a minute to watch me try and spice up a very boring video which provides an economic update. As you’ll hear in the video, sometimes boring is a good thing, especially after the historically tumultuous December and January we witnessed in the markets.
In terms of the status quo moving forward, essentially both the global and US economies are poised for slow and steady growth barring a black flag political event. Arguably the most decisive reason for this slower growth rate is that we’ve seen in these weeks leading up to the Masters at Augusta National, the US Federal Reserve has decided to work on its golf game instead of raising interest rates 😉 Their very patient approach to raising interest rates as of late (1/3 the historical pace) has helped allow our late cycle expansion economy to continue its trend upwards.