Economy Not Robust But At Least Resilient

Economy upgraded to neutral as bull market behavior persists.

Our August Weight of the Evidence Update is now available:

Key Takeaway: The weight of the evidence has improved as Economic Fundamentals move from bearish to neutral. While data has not been robust, it has proven to be better than expected and the odds of a muddle through are on the rise. Even with this improvement the overall weight of the evidence still argues for caution. That hasn’t kept bull market behavior from emerging. We will continue to monitor our checklist for potential deterioration as we move into a more challenging seasonal period.