Not Terrible

Good afternoon: What a great week of food, festivities, and football. My team lost the big game Saturday, but I believe they will fight to live another day. My team was a massive three-touchdown favorite at home against their arch enemy. I am not a gambler, but I think there were many lessons learned from Saturday’s outcome:


A. Favorites don’t always win; there are no sure things.

B. Don’t put all your eggs in one basket; disappointment is a part of life.

C. Expect the unexpected; we never know what is around the corner.

D. Diversify for safety and still get a great return; spread out your risks.


The employment picture is slowing; however, those headwinds have not prevented the U.S. economy’s strong GDP growth despite a dimming labor market picture. This indicates that productivity growth has been robust. The recent revisions, coupled with productivity growth, may be adjusted upward to 2.5% from an already strong 2.0%, which is the highest rate in more than two decades. While the job market may be in a more fragile state than previously expected, the overall economy remains in rather solid shape. Every day isn’t unicorns and rainbows; football teams come and go, and the sun still rose on Sunday. I will take a healthy economy as so many more are lifted versus just my team winning the big one. There will always be another game. Have a great week, and call with questions.


Regards, 
Don

 

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