Economic Insights – April 2019

So-far the stock market has traced out a classic V-shaped correction since its all-time high last September.  The equity market may not continue to march in a straight line from here to new all-time highs, but as we have emphasized month-after-month since March 2009, the positives still outweigh the negatives.
 
In March, when the S&P 500 hit key resistance levels that briought anxiety and uncertainty, all of the usual pessimists cautioned that the pullback could be 5 percent, 10 percent or even more.  The prevailing.....