America's Top Bankers Confirm: The Economy Remains Resilient 💪
America's leading bankers say the U.S. economy remains resilient despite a dip in household finances. While surveys show savings rates falling and debt ratios rising, overall financial health is still sufficient to sustain consumer spending. Personal consumption, which accounts for roughly 68% of GDP, continues to underpin growth. The banking sector’s earnings reports reinforce confidence that demand will stay robust in the near term.
It's Like We Fell Down an Escalator That's Going up ↙️
The S&P 500 slipped 9% from its Jan. 27 peak of 6,978.60 to a Mar. 30 low of 6,343.72, a pullback that falls short of a classic bear market and below the 14‑18% intra‑year declines typical of election cycles. While...
Let's Take a Moment to Appreciate the Benefits of Diversification 🙏
U.S. equities have retreated, with the S&P 500 sliding about 7% from its January 27 high of 6,978. The decline hits investors heavily weighted in broad large‑cap index funds, underscoring the pain of limited diversification. At the same time, the so‑called...
What I Got Wrong About the Post-Global Financial Crisis Recovery ❤️🩹
On March 9 2009 the S&P 500 closed at a historic low of 676, marking the bottom of the Global Financial Crisis market decline. The National Bureau of Economic Research later confirmed the recession officially ended in June 2009, but did not announce this...