Consequently, the impact of the government shutdown will permeate every corner of the country and will affect the Federal Reserve (FED) and financial markets’ visibility of the state of our economy moving forward. In fact, Goldman Sachs estimates that this government shutdown will reduce annualized quarterly GDP by 0.2% for each week the shutdown lingers.
Read MoreThe U.S. economy is walking a narrow ridge: slowing, but not stalling – disinflationary, but not deflationary. Navigating the path forward through domestic policy changes and global tensions demands agility and discipline to succeed.
Read MoreYogi Berra was spot on when he said, “It's tough to make predictions, especially about the future.” This quote from Yogi applies each year to capital market participants who love to predict what the economy will do and how much stocks are going to change that year. When assessing the predictions at year end, we find all, or almost all predictions, are proven inaccurate.
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