Growth, Stimulus, and Uncertainty

We always strive to keep you updated on important market and economic information. 

Take 2 minutes now to hear AssetMark CIO Christian Chan share his outlook on:

• Growth is really good right now: The Atlanta Fed’s GDP “nowcast” suggests current economic growth is close to 6%; I don’t know if growth can get any better.
  
  
• Stimulus-led growth is not free: Stimulating the economy through fiscal and monetary policy can bring high inflation and high interest rates—which is what we have today.
  
  
• Uncertainty is higher: In Chairman Powell’s opening speech at the recent Jackson Hole Economic Symposium, he talked openly about how much the Fed doesn’t know. While honest, it’s a bit unsettling.

If you have questions from this update, please don’t hesitate to reach out to us.