On economics

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One of the key factors that has been acting as a recent tailwind for stocks has been the open-ended ...

One of the key factors that has been acting as a recent tailwind for stocks has been the open-ended nature of stimulus from policymakers in terms of maintaining a growth bias despite ongoing inflationary concerns. The Federal Reserve has been increasing the size of its auctions to provide funds to the financial system, while Congress has simultaneously continued to work on ways to ease pressures on homeowners and the beleaguered housing sector. Our optimism regarding the economy and this year's markets has centered around our belief that the makings of a traditional recession have not b...

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