BIL - Resilience In Uncertain Times
2024-03-14 02:00:00 ET
Summary
- Despite widespread expectations of a recession, the macro backdrop in the U.S. has remained favorable to start 2024.
- In recent months, many company management teams reported that they feel their company – along with the economy as a whole – is in a good place.
- At the core of U.S. economic strength today lies a resilient consumer, who has proven robust despite escalating interest rates.
By Seema Shah, Chief Global Strategist; Daniel Coleman, Chief Investment Officer, Principal Edge; and Sarah Radecki, CFA, Portfolio Manager
Despite widespread expectations of a recession, the macro backdrop in the U.S. has remained favorable to start 2024. In fact, many market participants have been surprised at how resilient the economy has remained in the face of unprecedented rate increases over the last two years....
Resilience In Uncertain Times