Gross Domestic Product (GDP) is the total value of goods and services produced in a country. Without further ado, let’s ring the bell … “DING, DING!” (in Apollo’s voice, muffled from a mouth guard). The proof we offer comes from three key macroeconomic areas:ġ) GDP growth 2) Interest rates 3) Unemployment However, we recognize that it will be a tough road, and there will be some blood, sweat, and tears along the path.
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economy to fly and stocks to continue to outperform bonds. The economy and stock market rebounded from 2020 lows, and we believe it still has more room to run higher.
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You can just hear the lyrics in your head: Getting strong now, Won't be long now, Getting strong now Likewise, many investors today are bracing for a knock-out punch in the economy, but we believe this tale of redemption is in the early rounds. Who’s going to win this battle?Īfter watching one “Rocky” movie, viewers know to anticipate a knockdown before the big victory in the end. But the next fighter on the card is up - and it’s monetary and government policy. Luckily, although a tough contender, the stock market was able to triumph over COVID-19. In this current cycle, we can think of the stock market as our hero, Rocky, and COVID-19 as the first opponent. It was true back in the most underappreciated bull market of the 2010s and remains true in the stock market recovery today. In the real world, the stock market cycle feels a lot like Rocky’s story. “Gonna Fly Now” by American composer Bill Conti is played during a pivotal scene - a training montage that symbolizes the phoenix rising from the ashes - a shift in status from being down-and-out to possessing the confidence and hope of an anticipated victory. Music practically plays a character role in these films. No matter how many times you see these movies, the tale of the underdog defeating the giant is a story worth cheering for again and again.
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If you’re a fan, then you already know all of the movies in the beloved “Rocky” franchise (including 2015’s “Creed”) have a similar storyline: underdog fighter is defeated, said fighter does some soul-searching, puts in the hard work and training, and, ultimately, sees a glorious, well-deserved victory over a giant. The first few chords of “Gonna Fly Now,” often known as the “Rocky” theme song, are all it takes to get fired up enough to start shadow-boxing around the house.