Economic Insights – August 2017

The U.S. economy and stock market has come a long way since the last financial crisis. And contrary to the view of many, we’ve got a long way to go before the next crisis.  Consider the facts.

In March 2009, the stock market started its current bull run.  At first, it was a V-shaped bounce from the panic lows, starting after mark-to-market accounting was eliminated.

Next, as the economy slowly recovered, earnings drove stocks higher.  But then, between May 19, 2015 and November 3, 2016, the Dow Jones Industrials Average fell 2 p.....