Tony Welch, Chief Investment Officer at SignatureFD, presents an overview of some economic and market data we believe is worth paying attention to, identifying what data may be most impactful to help you sort through the abundance of information available. This month’s topics include:
- Stocks and bonds both performed well in the first quarter, yet pessimism remains the prevailing market sentiment.
- The economy has not yet entered a recession, but appears to be headed in that direction. However, we think an official contraction may not occur until next year.
- The banking crisis appears contained for now, but we believe smaller banks will face profit margin headwinds for the foreseeable future.
- A balanced portfolio approach remains appropriate until the economic regime has clearly shifted.