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Use select charts from the Guide to the Markets to engage in portfolio discussions.

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    Guide to the Markets
     
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The U.S. economy

Since March 2009, the stock market has more than doubled while fund flows overwhelmingly favored bonds over equities. This is why it is important to maintain perspective. Despite headwinds and negative headlines, the economy and equity markets have continued to recover.

Economic Expansions and Recessions
Hard to get hurt falling from the basement window
 
  • As Warren Buffet and others have pointed out, many of the most cyclical parts of the economy (i.e., those that tend to contract faster in recession and grow faster in recovery) still have room to grow.
  • Because of this, the economy is less susceptible to another recession.
  • Over time, pent-up demand for autos, housing and inventories could actually help boost the economy and support a more robust recovery.
Discussion Slides
Economic Growth and the Composition of GDP
Cyclical Sectors
Consumer Confidence and the Stock Market

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