Good Afternoon,
Attached is the most recent “Uncommon Sense” piece put together by Michael Arone at SSGA. The theme is the recent increase in volatility, and he discusses the following three points:
1.) Investors have relied on the “Fed Put” during the market run-up, and he believes this remains in play with the new Fed Chair, Powell
2.) We are still in a Goldilocks market environment, with modest “not too hot, not too cold” growth
3.) Fundamentals continue to be the driver of growth in the stock market, and the numbers continue to be solid