Many analysts expected a recession this year or atleast very little to no growth based on high inflation and high FED rates, but we are still booming.
This is very suspect and as I’m sure you’re aware, this year is an election year. Is the stock market artificially propped up for a political agenda? Tough to know, but looking at the data, usually during a presidential election year, the stock market is mostly steady or positive which makes sense for voters to have confidence in America, but the year after, is when the rubber meets the road.
One big thing to keep in mind is the CPI data and inflation data each month. For June, we just received word that it was actually quite good.
#etfinvesting #stockmarketcrash #presidentialelection2024
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