We hope you all have had a great holiday season. For those of you not chasing sunshine this week and instead checking your emails like St. Nick checks his naughty and nice list, here’s a quick commentary as we lead up to 2026!
Last week we had a whopper of a GDP print come out. Now, it may get revised up or down a bit, as this is just the first estimate. But it’s a big estimate.
4.3% for the 3rd Quarter! Looking at the Atlanta FED, they are currently forecasting 3% for Q4. Meanwhile, the consensus of economists are sub-1% for Q4. That’s a big disparity.
As far as next year goes, most strategists are expecting the markets to have a decent to very good year for 2026, though such optimism in annual forecasts isn’t all that uncommon.
As things are still getting caught up from the government shutdown, we should have an update on productivity growth for Q3 soon. Remember, we can have good economic growth without a lot of inflation if we continue to be productive.
That’s it for this week, have a safe and happy New Years! We are grateful for the opportunity to walk alongside you, and look forward to what the new year will bring. Please let us know if you have any questions or comments about this or any other topic. We will certainly be happy to have a conversation.