How Consumer Spending Supports the Economy and Markets

Feb 21, 2024 | Markets

Consumer spending is the backbone of the U.S. economy, constituting over two-thirds of our nearly $28 trillion GDP. When consumers spend money on everyday goods and services, and make large one-time purchases, it not only helps to spur economic growth but is also a...

The Cycle of Fear, Greed, and Shrinking Returns

Aug 2, 2023 | Markets

$100 is on the table, and you have a choice. You can choose to receive $50 or flip a coin. If you choose the coin toss and get heads, you get $100. If it’s tails, you get nothing. What do you do? If you’re like most folks, you’re probably going to take the $50. It’s a...