Even as job growth remains weak, a tightening labor market is contributing to a general heating up of inflation.
Does the increasing length or strength of a bull market actually make the next correction more imminent?
The debt ceiling has, yet again, been deployed as a political football in the last few months.
Going forward, we expect confidence and spending to revive as the latest pandemic wave wanes and reopening continues.
As this happens, a focus on valuations should be more rewarding than has been the case in recent years.
While the pandemic will demand increased attention, the general transition to a reopened economy will likely continue.
Even if output growth decelerates in the months ahead, it should remain well above the economy's long-run potential.
This supercharged recovery has been characterized by strong economic and productivity growth.
There are two broad possibilities for why this is happening.
The pandemic has changed the economic landscape.
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