Happy May! The growth rate for the U.S. Gross Domestic Product (GDP) came in at 2.0 percent for the 1st quarter of 2026 and is now expected to be 3.5 percent for the 2nd quarter according to the Atlanta Fed’s GDPNow ™. This is despite the uncertainty in Iran and higher energy costs from the closure of the Strait of Hormuz. Inflation came in at 2.4 percent for the 12 months ending March 31 and is now likely to trend higher in the near term. The world appears to be quite volatile, but circumstances can change quickly and the market will change with it! In the meantime, I hope you have the opportunity to enjoy the pleasant days of spring with family and friends!
All the Best, Jon Gauthier, President, GWM
If you are not connected to GWM on LinkedIn, request a link at: Linkedin.com/in/jon-gauthier-cfp/. You can also catch up on our latest activities at our Web site, www.gauthierwm.com.
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