The economy is trying to tell us something, but its messages are mixed.
GDP fell in the second quarter, the second straight decline of negative real growth, which many investors have interpreted as a strong recession signal. While the National Bureau of Economic Research considers many different economic variables and hasn’t officially labeled it a recession yet, many investors are scratching their heads as the market has bounced sharply off its June lows and the economy continues to expand payrolls, creating almost three million new jobs in the first half of the year.
So what could all these fluctuating economic signals mean? In this eight-minute podcast, JNBA Director of Investments David Webb and Investment Committee member and Senior Investment Strategist John Foster discuss how to make sense of these mixed messages.
As always, if you have questions or need anything, please do not hesitate to contact your JNBA Advisory Team.
(A written transcript of the podcast is available here.)
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