Our focus determines our reality: what a great life lesson, and it holds true in the markets as well. Currently we are focused on Russia’s invasion of Ukraine, and that has put the market in a foul mood. This situation with Russia is serious and I do not want to suggest otherwise. Having said that, our focus here is financial.
What is the real rate of growth? GDP growth rebounded in the fourth quarter of 2021. After slowing to 2.3 percent in the third quarter, the initial reading for fourth quarter is 6.9 percent. Does that mean we are back to the solid growth of early 2021? It doesn’t feel that way.