“Still Bearish”: The chaos of the Silicon Valley Bank fiasco notwithstanding, first quarter economic results are somewhat reassuring. The initial estimate of first quarter GDP is 2.0% (not great, but not a recession either) and the S&P 500 was up 7%. Dr. Brian Wesbury writes “No drop in stocks, no recession. At least not yet.” Find out why he’s “Still Bearish.”
Oil and Money: This past week OPEC announced a 2 million barrel cut in production. What does it mean. ITR Economics Alan Beaulieu spends a few minutes Reviewing Oil Cuts. ITR Economics’ Brian Beaulieu provides an executive summary of the Fed’s action in his latest Fed Watch.
