There are a number of economic data points and trends that likely indicate a profit cycle recovery in 2021 and 2022. This is important as changes in profits drive changes in market levels
Dr. Angelos Angelou (AngelouEconomics) joined Russ Norwood of Venturi Private Wealth and discussed the post-COVOD19 economy. This blog is a modified transcription of the virtual event that was hosted on June 12, 2020 and the opinions stated in the blog are those of Dr. Angelos Angelou.
Where is inflation headed? Price increases have been muted since the 1990s – and have hovered below the Federal Reserve’s 2.0% target since it was set in 2012. Yet news that wages bumped up 2.9% in January, the fastest pace since 2009, jangled market nerves and set off more than a 650-point drop in the Dow in early February.