The K-shaped economy that has defined the U.S. in the post-pandemic era is predicated on upper-income groups continuing to spend at a strong clip. … READ MORE >
spending
Morning market minute: Do frothy financial markets present risk in 2025?
It is said that the economy is not the stock market. That is true; however, the stock market is critical to supporting household spending. In our contemporary K-shaped economy, paying close attention to the link between equity market valuations and their impact on overall household spending is one important way to monitor risk to the economic outlook in 2025. … READ MORE >