We continue to hear concerns over a potential recession. And while there have been a few small cracks in the economy of late, we still don’t see any solid signs of a recession happening anytime soon. Carson Group’s Chief Market Strategist Ryan Detrick and VP, Global Macro Strategist Sonu Varghese discuss all the reasons why, including:
- The S&P is up 20% for the year and the Dow is close to an all-time high
- Manufacturing construction is up 102% from the end of 2020 after adjusting for inflation
- Residential construction is close to record highs
- Inflation is coming down and consumption is high
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