Bruce's Commentaries / 01.10
I Think I Know But I Don’t. [Acronym: ITIKBID]
I use this saying a lot in my life, and it applies to this report. The macro outlook continues to be favorable. GDP, unemployment, housing, consumer spending, and consumer confidence all are positive. Car sales have been at 17 million for five years, the stock market is strong, and the Fed sees little risk of a recession. Plus, 57% of small businesses are experiencing revenue growth. The NFIB reports that current orders are weak, but future orders look strong.