Financially Speaking Blog

It's Just Not That Bad!

Published on February 26, 2016

Wall St. Journal, February 26, 2016

"The U.S. economy started the year on a stronger footing than it ended 2015, suggesting American consumers are brushing off market jitters about plunging oil prices and slowing global growth.

Consumer spending grew in January at the fastest clip in eight months, new data showed Friday, as a strong job market and robust wage gains boosted Americans’ propensity to spend. Inflation also ticked higher, a positive sign for Federal Reserve officials considering whether the U.S. economy can withstand higher interest rates.

The pickup followed other improvement across the economy in January including stronger retail sales and home purchases. A report Thursday showed new orders for big-ticket durable goods also increased last month following their worst annual performance since the recession, suggesting the U.S. manufacturing sector could be on the mend.

Resilient U.S. economic data in recent weeks contrasts with volatility in global financial markets, unsettled by concerns over China’s economic slowdown and steep declines in commodity prices. Fears about jitters translating into a U.S. recession have yet to hit many underlying economic fundamentals."

Just a few weeks ago, the financial markets were fretting over just how bad the economy is.  Once again, 'they' get it wrong.

 

Tags: stock market

« Back to Blog

Archives

Tags

basic fiduciary principals behaviorial economics; investment decisions don't panic Dow Jones European Union Federal Reserve financial advisors; giving investment advice financial information technology global stock market; global economy insurance agent interest rates investing Investing 101 investing in 401(k) plans investment decisions; hiring financial advisors; behavioral economics investment predictions; investor decisions investments; inflation; real returns investor fears market forcasters mutual fund fees objective financial advice risk tolerance stay calm stock market stock market corrections stock market volatility Stock market worry technology; personal technology volatility

RSS Feed

Subscribe by Email

Enter your email address:

Delivered by FeedBurner

Sign Up for Our E-News

* indicates required