With earnings season over, I have more time on my hands as our research models are up-to-date and hence...my third blog in three days!!
Presented with little comment:
Monetary Policy - the Fed's balance sheet and the S+P. When the Fed's balance sheet stopped growing (2015) all we have seen is a year of wicked volatility.
Fiscal Policy - The US Gross National Debt, as per the IMF, stands around $25 trillion. And Labour Force Participation is essentially at an all-time low with pretty much stagnant wage growth.