How surprised have you been by the market’s supercharged recovery from the March lows and the economy’s rebound from the COVID trough? By any measure, the snapback has been extraordinary. The shortest bear market in U.S. history, a mere 33 weeks from late February to late March, and a much faster recovery than expected.

As this week’s guest, Nancy Lazar told clients recently: “In the last expansion it took almost 9 years (until 2018) for unemployment to fall to 4.0%. Today the Fed expects (more likely wishes) to see 4.0% just 4 years into this expansion. And since this cycle’s Drivers are leveraged to the Fed’s main policy tool – interest rates – the Fed’s in a good position to make it happen.”

We will discuss why she is optimistic about the economy’s progress based on some unappreciated and under-reported trends she and her team have been tracking both pre-pandemic and now. Be prepared for a fascinating and different analysis of the U.S. economy and why its recovery powers are so strong.

WEALTHTRACK Episode #1715; Originally Broadcast on October 09, 2020

Listen to the audio only version here:

Explore This Episode

We have compiled additional information and content related to this episode.

NANCY LAZAR

Partner, Chief Economist,
Cornerstone Macro

DON’T UNDERESTIMATE THE RESILIENCE OF THE U.S.ECONOMY

U.S. Economy Is Diverse, Dynamic & Innovative
Ability Of Americans To Adapt, Create & Grow Remains One of The Wonders of The World
Investing In U.S. Stock Market Has Been A Winning Long Term Strategy

No Bookshelf titles this week.