16 12, 2019

S&P 3650, Dow 32500 – Wesbury’s Outlook

By |2019-12-16T21:22:37-05:00December 16th, 2019|Bullish|0 Comments

A year ago, we projected the S&P 500 would hit 3100 at the end of 2019. In spite of the swoon in equities in the fourth quarter of last year, we didn't see a recession coming and our model for estimating fair value for the stock market was screaming BUY. At mid-year, seeing the economic [...]

9 12, 2019

Good News is Good News – Wesbury’s Outlook

By |2019-12-09T13:30:49-05:00December 9th, 2019|Bullish, Employment, Financial, Outlook, Policy|0 Comments

A year ago, conventional wisdom became convinced that a stock market correction was really the beginning of a "bear market," and a sure sign that recession was on its way. Oops. Conventional wisdom was wrong again. The Pouting Pundits still talk about ISM surveys being weak, and fret that a trade war is brewing. But, [...]

10 04, 2019

Wesbury’s Outlook – Economy on Very Solid Ground

By |2019-04-10T10:42:37-04:00April 10th, 2019|Bullish, Debt, Fed Reserve, Financial, Governments, Outlook, Policy|0 Comments

What a difference a month makes. Last month many economists had pushed down their estimates for first quarter economic growth to near zero. The Atlanta Fed's "GDP Now" model was projecting real GDP growth at a 0.2% annual rate in Q1, which would have been the slowest growth since the weather-related negative reading in the [...]

22 01, 2019

Wesbury’s Outlook – Solid Growth to Finish 2018

By |2019-01-22T12:54:09-05:00January 22nd, 2019|Bullish, Employment, Financial, GDP, Outlook|0 Comments

Normally, the end of January sees the government's first estimate of real GDP growth for the fourth quarter. But with no end in sight for the shutdown, which has already seen numerous other data releases postponed – including figures on retail sales, international trade, inventories, construction, and durable goods - it's very unlikely the GDP [...]

11 01, 2019

Wesbury’s Outlook- No Sign of Recession

By |2019-01-11T10:53:43-05:00January 11th, 2019|Bullish, Employment, Financial, Media, Outlook|0 Comments

Talk about destroying a narrative. On Friday, the Labor Department reported 312,000 new jobs in December, with an additional 58,000 from upward revisions to prior months. Recession talk got crushed. The Pouting Pundits of Pessimism claim jobs are a lagging indicator, but the pace of payroll growth starts declining well before a recession starts. In [...]

13 08, 2018

Wesbury’s Outlook- The Kevlar Economy

By |2018-08-13T22:52:25-04:00August 13th, 2018|Bullish, Financial, Governments, Policy, Spending|0 Comments

Since March of 2009, the predictions of economic, and stock market collapse have been non-stop. Doom-and-gloomers have been unrelenting. And it's doubly frustrating since you can't disprove a negative until it doesn't happen. We have written hundreds of pieces since the recovery - and bull market – began, arguing that the pessimism was unjustified. We've [...]

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