Markets overly optimistic?

The recent S&P rally was based on the recession ending by June. Oct and March Crude futures showing excess supply but also future demand expectations fading fast. Several economic surveys indicate positive Q3 GDP expectations, which might prove overly optimistic. This pattern is similar during the Q4 2008 bear rally when Q1 2009 GDP expectations were too high, later revised lower.

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The table (“table”) is for informational purposes only. This material is based upon information obtained from various sources that Brenton Point believes to be reliable, but Brenton Point makes no representation or warranty with respect to the accuracy or completeness of such information. Views expressed herein are current only as of the date indicated and are subject to change without notice.
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Michael Schaus

Director of Market Research

Michael Schaus is the Director of Market Research for Brenton Point Wealth Advisors and Zweig-DiMenna. Since joining Zweig-DiMenna in 1992, his focus has been on macroeconomic research, the analysis of…

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