2024 State of The Markets
The U.S. should be in a recession right now. At least, that’s what pundits and economists were telling us a year ago. As recent as April, the Conference Board estimated the odds of a recession starting in the next year at 99%. But we’re not in a recession. The economy is still growing, and The Federal Reserve is now saying they expect interest rates to start falling as soon as this year. If so, the strategies that worked during the last cycle are almost certainly not going to work this time around. It’s time for a new playbook that’s better suited to target the innovation tsunami that may soon crash into the global economy.