Yesterday's GDP report was below expectations - that's fine, that happens all the time.
But it is even more interesting with indexes of consumer and investor sentiment running at all time highs. There seems to be a yawning gap between expected economic performance and actual economic performance.
Over the long run, economic growth ultimately dictates market returns, so there could be a lot of disappointed investors if that expectations gap isn't closed. How does one square this circle?
(Personally, I just dollar cost average in large index funds - I'm just interested in the rationale of investors who are far bolder than I.)
Submitted April 29, 2017 at 05:51AM by TheMacroEvent http://ift.tt/2pfL6JQ
