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Expectations Are Moderating, But The Economy Is Doing Fine
The tax cut is going to take longer than expected to be enacted by Congress, and it may never happen at all. In fact, even if there is a tax cut, it probably won't be as big as what was widely expected earlier this year. Meanwhile, car sales plunged and a long string of positive economic surprises for months has come to an abrupt halt. All this may sound grim, but it's just a reversion to the mean.... more >

On The Hunt For Answers About The Future Of The Economy And Stocks?
While this is the time of the year for an Easter egg hunt, economists are busy trying to find where economic growth landed in the first quarter. According to the Federal Reserve Bank of New York's forecast, released Friday, the first quarter growth rate will come in at 2.6%. However, the Fed in Atlanta found growth of .5% in their forecast. In addition, a newly released survey of 61 economists by The Wall Street Journal reportedly said first quarter economic growth will come in at 1.4%. We won't find out the actual number until the official release at the end of April, but the different answers from three expert sources hints at how difficult it is to forecast economic growth.... more >

Yet Another Strong Quarter, But Stay Focused Beyond The Horizon
Capping a string of strong quarterly gains, stocks posted a total return of 6.1% in the first quarter of 2017. That followed a return of 3.8% in the fourth quarter of 2016, which followed a return of 3.9% in the third-quarter and a 2.5% return in the second quarter of 2016.... more >