Dear Clients and Friends,
Brian Wesbury is the Chief Economist of First Trust Portfolios. He’s a respected professional and someone whom we know and trust.
According to Brian, the recent and severe dip in US Stocks was a correction which will NOT lead into a bear market, since his belief is that bears are as a result of an economic recession. Clearly he says, we are doing anything but receding, as over 300,000 jobs were added in December and corporate profits still remain strong.
Please listen to this Wesbury 101 Economic Video Commentary and feel free to reply with questions or comments.