Succinct Summary: The US got a new President last week, and the new administration is pledging more stimulus. The economy continues to chug along though and there are signs of tight capacity in some segments, especially transportation networks. Could additional stimulus lead to higher-than-expected inflation?
Succinct Summary: It’s hard not to be happy about the economy. The consumer is strong and business sentiment has turned positive. Recession fears have abated thanks to the actions of central banks and a trade truce with China. Markets are feeling optimistic.
Succinct Summary: We are deep into the expansionary cycle. The persistent global uncertainty is unnerving investors who are choosing to adopt a wait-and-see approach as they look for clarity from the central banks. The market anticipates rates to go lower and the central banks seem to point to a similar direction. Such accommodative policies will spur this cycle on.