After beginning the year with low expectations, the U.S. economy has outperformed expectations in … [+]
Rather than the typical market outlook, fraught with all the dangers of being a soothsayer, this outlook will endeavor to take a journey like Lewis Carroll’s Alice to find some reality in markets that can sometimes seem unreal or irrational. Rather than looking into a crystal ball, examining what is currently priced in financial markets and whether it is reasonable can be more helpful.
After beginning the year with low expectations, the U.S. economy has outperformed expectations in 2024, with growth expected to be near 3% when the final numbers are tallied. While the forecasts for 2025 economic growth have improved, most economists expect growth to moderate to something close to the U.S. economy’s long-term potential growth…
