WHY WE PLAN – PODCAST
WHY WE PLAN – BLOG
Happy, Healthy, and Calm
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, [...]
2021: Robust Growth, Higher Inflation – Wesbury’s Outlook
The COVID-19 Recession is the weirdest we've ever had. There is no way anyone could have forecast it. It did not happen because the Fed was too tight. It did not happen because of a trade war. It was self-inflicted, [...]
S&P 4,200 – Dow 35,000 – Wesbury’s Outlook
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
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
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
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
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
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, [...]
S&P 500 3650, Dow 32,500 – Wesbury’s Outlook
If you pay close attention to our stock market forecasts, the title of this piece will look familiar. At the end of 2019 we made the same exact forecast for the end of 2020 — the strangest year in our [...]