It has happened yet again. For the umpteenth time since the calming of the financial crisis back in 2009, the U.S. economy has disappointed investors by not achieving the anticipated accelerating and sustained economic growth. Of course, investors might simply say “so what?”. The economy has repeatedly fallen short of expectations in the past, yet the U.S. stock market has continued rising through it all. But a few key elements have been critical in supporting this outcome. And, unfortunately, for investors, this time is shaping up differently versus what we have seen in the past.
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