Consumer activity has been strong, but can that continue?
- We expect the first reading of fourth-quarter GDP to reflect growth around 3% on an annualized basis. Economic growth was driven by stronger-than-expected consumer activity, with savings drawdowns serving as the primary source of financing amid a shortfall in real incomes. –Vanguard
- It is worth remembering that the first U.S. rate hike happened less than one year ago. While this has been more than enough time to weaken hyper-rate-sensitive housing investment, it has not yet been enough time to impact the broader economy. – Bob Doll, Crossmark Global Investments.
- While results diverged from sector to sector, forward guidance among most companies is pointing toward a softer economic environment as demand slows and inflation remains persistent.– .J.P. Morgan
As always, we continue to believe that one’s circumstances and risk profile should determine the appropriate mix of investments, and not media headlines. Please contact us if you ever have any questions or concerns about your accounts or any news you hear.
Information in this commentary is gleaned from third party sources, and while believed to be reliable, is not independently verified. This content is not intended to be tax, legal, investment or fiduciary advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The strategies and/or investments discussed in this material may not be suitable for all investors. Bernardo Wealth Planning recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial advisor. Past performance does not guarantee future results.