Expect slower U.S. economic growth but not an equity bear market
The U.S. economy surprisingly contracted by 1.4%, on a seasonally adjusted and annualized basis, for the first quarter of 2022. The consensus expectation for Q1 GDP, according to Bloomberg, was for a 1% gain, much slower than Q4 2021 GDP of 6.9%.While the number was negative, there were some positive components to the final number...