Car sales climb more than 5%. Q1 GDP misses expectations. Infrastructure capex is thriving. Some cracks in the consumer story are showing. Fed Chair Jerome Powell all but takes a 2024 rate hike off the table. It sure feels like the economic and earnings news flow has been especially cacophonous of late.
There’s a lot to be said for zooming out a bit. Rather than sifting through the noise, focusing on the economy’s underlying strength —nowcasts of Q2 growth are settling in around 3% — while making targeted investments sounds like a recipe for relative peace of mind. Case in point: A recent U.S. Bank survey showed only one in six CFOs are negative about the U.S. economy over the next three years.
Our latest Market Moves Strategy newsletter lines up some recent commentary from large-company leaders as well stories on dynamic pricing and burnout among both employees and their managers. You can read it here and subscribe via the ‘click here’ link at the bottom of the page.
