Housing Boom to Continue – Wesbury’s Outlook

April 13th, 2021|0 Comments

Housing prices have soared in the past year. The national Case-Shiller index is up 11.2% in the past twelve months, the largest gain since 2005-06. The FHFA index is up 12.0% in the past twelve months, the largest on record [...]

Jobs Are Booming – Wesbury’s Outlook

April 7th, 2021|0 Comments

When the scientists said "15 days to slow the spread," some of us actually believed that by Easter the shutdowns would end. That was last year. Now, a full year, and $5 trillion in government spending later, we may finally [...]

Inflation and the Fed – Wesbury’s Outlook

March 16th, 2021|0 Comments

We believe inflation is still, and always will be, a monetary phenomenon. It is defined as "too much money chasing too few goods and services" – but that doesn't mean every period of higher inflation is going to look exactly [...]

Happy, Healthy, and Calm

January 7th, 2021|0 Comments

Now that 2020 is receding in the rear view mirror, it’s time to assess where we are and to refresh our goals for where we are headed. 2020 gave us many lessons to learn from and move forward.   First, [...]

S&P 4,200 – Dow 35,000 – Wesbury’s Outlook

December 1st, 2020|0 Comments

In December 2019, we made a year-end 2020 forecast of 3,650 for the S&P 500. With the index closing Friday at 3,638, that looks like a very good call. But we'd be fibbing if we didn't admit to getting whipsawed [...]

Giving Thanks, Double Dip Unlikely – Wesbury’s Outlook

November 17th, 2020|0 Comments

Give Thanks! The US economy continues to heal. Payrolls keep growing, unemployment claims - though still elevated - are shrinking, key measures of the manufacturing and service sectors remain well into positive territory, and, as this week should show, both [...]

No Wave is Good News For Stocks- Wesbury’s Outlook

November 9th, 2020|0 Comments

While the election is still not certified, and court battles will drag on, it appears that we can draw two firm conclusions from the 2020 election. First, the pollsters were horribly wrong again. Secondly, American voters do not want a [...]

GDP Soars in Third Quarter – Wesbury’s Outlook

October 20th, 2020|0 Comments

There is nothing normal about the 2020 recession. Massive nationwide shutdowns of "non-essential" businesses caused real GDP to drop at a 31.4% annual rate in the second quarter, the biggest drop since the 1930s. However, as we expected, a V-shaped [...]