Nine Reasons Reprise - The Economy Remains Strong

Last year we wrote a prescient note on markets entitled “Nine Reasons to Expect a Market Pullback – And One Not to Worry.” Given the significant uptick in market volatility since the new year, we thought it would be timely to update our views now that the major indices have formally entered correction territory. To begin at the ending, although a variety of concerns remain, the economy continues to plug along quite nicely despite a recent topline contraction in Gross Domestic Product (GDP), which could help contain downside risks in the near term.

First, How Did We Get Here?

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