By John Persinos
Welcome to my latest video presentation for Mind Over Markets. The article below is a condensed transcript; my video contains additional details and several charts.
Just a few months ago, two scenarios seemed improbable: "Goldilocks" economic conditions and a "soft landing." Those who posited such hopes were mostly derided by the Wall Street consensus as deluded Pollyannas. No longer. Bearish sentiment is increasingly hard to find.
We're witnessing resilient economic growth combined with cooling inflation. The jobs market remains healthy but it's slowing. Corporate profits are under pressure but Q2 results so far have been surprising on the upside. Last week, the major U.S. and overseas equity indices closed out another winning week.
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