3/3/2023 ‘In the Face of a Potential Recession…’
AUTHOR:TOWNEWEALTHMANAGEMENT.NET/BLOG 3/3/2023 Towne Wealth Management BLOG:
‘In the Face of a Potential Recession…’
Durable Goods, Pending Home Sales, Core capital Goods Spending
and Defense Spending,
Ohhh- My…
Durable goods and pending home sales suggest that the U.S. economy shifted into a higher gear in January, reports Breitbart 3/1/2023. In particular, pending home sales jumped 8.1 percent in January, the biggest monthly increase since June of 2020: a much bigger surge in home buying than most analysts expected.
In addition, we have a healthy Core Capital Goods Spending report, suggesting that businesses are more willing to spend in the new year than they had been at the end of last year.
And, last but not least…
Defense spending is still running strong!!! Orders for defense aircraft rose strongly for a 5.5 percent increase in January.
Therefore….The Recession continues to be…
fought off…
…one more time…Ohhh-My…
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL.