Happy June! Recent revisions to Q1 2024 GDP lowered growth from 1.6 percent to 1.3 percent. Meanwhile, recent predictions by the Federal Reserve Bank of Atlanta’s GDPNow® for Q2 2024 were lowered from 2.7 percent to 1.8 percent. No one has mentioned the recession word, but we are closer to one than many market participants would like to admit. We will soon get a read on employment figures for May, although these are a lagging indicator, so we may still need to wait for any confirmation of a slowdown. Meanwhile, diversification and patience are rewarded in volatile markets. As we enter the summer months, I hope you have the opportunity to enjoy time 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.
Topics:
Financial Regrets
Saving for College: 529 Plan vs. Roth IRA
Should You Buy or Lease Your Next Vehicle?
Birthday Benefits Quiz
