Published February 2, 2024
The stock market in recent years has been clearly driven by changes in interest rates. If you looked at nothing else but rates, you would have done a great job investing in stocks. Of course, the volatility of some moves along the way were heart-stopping, which is why we prefer having the help of our models. Outside of the pandemic, the economy has been on a nearly non-stop upward trajectory – far outperforming the economies of other countries around the globe. Yet the bears persist in their doom and gloom, finding some (typically well-worn) angle to throw darts at the health of the economy and markets. (more…)