A WILD WEEK IN REVIEWEconomic Commentary |
Economic data has been under a microscope since the Federal Reserve (Fed) emphasized its allegiance to data dependency after raising interest rates in December.
The Fed’s rate hike and Fed Chair Jerome Powell’s post-meeting press conference rhetoric spooked investors, who have been bombarded with negative headlines about trade, geopolitical squabbles, and a weakening global economy. Last week’s economic headlines whipsawed investors looking for direction. Still, we see a common thread in the data: a solid economy struggling with the impact of trade tensions, but far from recessionary territory
John Lynch Chief Investment Strategist, LPL Financial
Barry Gilbert, PhD, CFA Asset Allocation Strategist, LPL Financial