Taking the Long View

Bull Markets Do Not Die of Old Age

GDP growth of 3.2% in the first quarter of 2019 – that’s a big deal

University of Michigan consumer sentiment averaging 97.2 for the past 28 months

60% in the U of M survey “expected to be better off financially over the next 5 years” – highest % ever recorded

Inflation has been hovering below the Federal Reserve Board (FED) target of 2%

Larry Kudlow, White House economic advisor, “current prosperity cycle is gaining momentum” 

The FED’s easier credit decision for 2019 confirms “Kudlow’s law” – strong growth does not cause inflation

The slogan “TINA” (there is no alternative) is back with most stock indices reaching near new highs