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The "Our Blog" section of this site is a historical catalogue of our personally written weekly client emails. Clients might find this database to be a useful reference, while visitors and potential clients might like to review the consistency and depth of our general messaging. Weekly updates from December 2018 forward to present day are currently available. Older vintages will be added as we're able.
No U.S. recession is in site and, per the message delivered at this week's Western Canadian Portfolio Management Conference, the stage remains set for an overweight in equities.
While pushed forward, the median expectation of Fed members' nonetheless remains that rate hikes are two years away. At the same time, the Fed's 2021 GDP growth forecast was raised to 7.0%. The outlook remains bright.
As the title suggests, this week's update will consist of quick-hit comments on these topics.
Collectively, the "Big 3" indicators are as strong as I've seen in my career. The recovery is further confirmed by the trend in weekly jobless claims which continue to fall.