Doom & Gloom?
Blog | Economy | Portfolio Management
Our national media cycle is a non-stop barrage of mostly gloomy headlines focused on topics that generate clicks and views. Unfortunately, we are biologically wired to focus and react more to negative news than to positive news.
In the information age, you can always find data points to confirm your opinion (cognitive bias, anyone?). But, in this post, we thought we would take the liberty of highlighting some of the brighter spots of 2023 that may get overlooked.
The unemployment rate is at 50 year lows, coming in at close to 3.6%:
Despite all the conversations about a looming recession, the economy grew at an annual rate of 2% in Q1 of 2023 vs. the previously reported 1.1% growth rate:
The S&P 500 finished the 1st half of the year over 15%:
Money market rates are allowing us to earn interest close to 5% on our cash:
Inflation appears to have peaked and is on the decline:
When consumer sentiment is low, it’s often a great time to be an investor:
