As the weather improves and we all yearn for summer, we remain positive on the economic outlook following a solid earnings season.

Investors had lots to cheer for in the first quarter of this year. Equities posted strong returns, U.S. corporate earnings were strong, AI continued to excite and there was optimism that Fed rate cuts are getting closer

Despite higher interest rates and what has been called “the most anticipated recession ever,” the consumer has stayed relatively healthy and the economy has continued to grow, albeit slowly.