Over the last year or so, we’ve all heard the chatter over an impending recession. Some people were convinced that the economy was in trouble and recession was inevitable. But then a funny thing happened. The economy has rebounded, and the stock market is performing really well. Consumers are spending, as are businesses, and the future is looking really strong.
Carson Group’s Chief Market Strategist Ryan Detrick and VP, Global Macro Strategist Sonu Varghese share some of the highlights on the economy, including:
- Consumer spending, adjusted for inflation, is running at a 5% pace
- Manufacturing and housing sectors are improving
- Auto production is higher than pre-COVID rates
- Estimates for future earnings are up
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