No matter how much fear the writers, talking heads and negative financial publishers say, the market continues to grind higher. More importantly, the underlying health of the market has continued to improve these past few months.
Yes, we may see a much-needed consolidation or correction soon, but most of the signs suggest that it may be shallow. Additionally, signs of a recession have not (yet) MATERIALIZED and while we may be pushing that off into some future moment (like 2024), this past week’s GDP of 2.4% growth handily beat the 2.0% expectations. See chart below:
