Happy, Healthy, and Calm

January 7th, 2021|0 Comments

Now that 2020 is receding in the rear view mirror, it’s time to assess where we are and to refresh our goals for where we are headed. 2020 gave us many lessons to learn from and move forward.   First, [...]

S&P 4,200 – Dow 35,000 – Wesbury’s Outlook

December 1st, 2020|0 Comments

In December 2019, we made a year-end 2020 forecast of 3,650 for the S&P 500. With the index closing Friday at 3,638, that looks like a very good call. But we'd be fibbing if we didn't admit to getting whipsawed [...]

Giving Thanks, Double Dip Unlikely – Wesbury’s Outlook

November 17th, 2020|0 Comments

Give Thanks! The US economy continues to heal. Payrolls keep growing, unemployment claims - though still elevated - are shrinking, key measures of the manufacturing and service sectors remain well into positive territory, and, as this week should show, both [...]

No Wave is Good News For Stocks- Wesbury’s Outlook

November 9th, 2020|0 Comments

While the election is still not certified, and court battles will drag on, it appears that we can draw two firm conclusions from the 2020 election. First, the pollsters were horribly wrong again. Secondly, American voters do not want a [...]

GDP Soars in Third Quarter – Wesbury’s Outlook

October 20th, 2020|0 Comments

There is nothing normal about the 2020 recession. Massive nationwide shutdowns of "non-essential" businesses caused real GDP to drop at a 31.4% annual rate in the second quarter, the biggest drop since the 1930s. However, as we expected, a V-shaped [...]

Profits Poised for Growth – Wesbury’s Outlook

October 13th, 2020|0 Comments

COVID lockdowns crushed the economy in the first half of 2020, with real GDP down 5.0% at an annual rate in the first quarter and 31.4% at annual rate in the second quarter, the latter of which was the steepest [...]

The Long Slog Recovery-Wesbury’s Outlook

September 21st, 2020|0 Comments

The second quarter of 2020 was the mother of all economic contractions. Real GDP shrank at a 31.7% annual rate, the largest drop for any quarter since the Great Depression. However, based on the economic reports we've seen so far, [...]