Despite the sky-high inflation and the Fed’s aggressive monetary policy stance, the Dow Jones Industrial Average(^DJI) has gained 6.6% over the past six months.
Despite recessionary fears, the U.S. economy grew much faster than expected in the third quarter as it posted its first period of positive growth, with GDP rising at an annualized rate of 2.9%. Although many have projected the economy will probably slip into a recession next year, Bank of America CEO Brian Moynihan believes it will be a “mild” one.
