Sentiments and Pivots: It was a wild and wacky week for the economy and markets. The Fed announced a big rate hike and the Dow surged over 600 points and the next day dropped over 1,000 for reasons that as of the time of this writing are not completely clear. Then, on Friday the April jobs report showed an increase of over 430,000 new jobs despite inflation fears, but over 4.5 million quit their jobs in March. All this volatility has many businesspeople worried about a recession.
For a little clarity on economic reality supported by data (and managing your own emotions before you make any big business decisions), check out these two short commentaries from ITR Economics. Economist Connor Lokar expects a slow own but not a reversal and offers advice on Pivoting for Slowdown. His ITR Colleague Laruen Saidel-Baker offer some interesting metrics that show that the business community is in pretty good financial shape. Check out her short blog post Tracking Business and Consumer Sentiment.
