In this episode of “Investment Management Foundations,” Wealth Enhancement Vice President of Portfolio Consulting Gary Quinzel details the Consumer Confidence Survey, a timely index that pulls in various data points, including labor data, inflation, and GDP, to provide a comprehensive view of current economic conditions and how investors feel about them.

For the period May 1 – May 31, 2024. Executive Summary Equity markets rebounded in May as first-quarter earnings surpassed expectations. Despite strength in the corporate sector, weaker consumer spending and the overall moderating pace of growth suggest that inflation pressures will gradually subside.

By: Wade Zhou America's economy has exploded since 1989. Gross domestic product (GDP), which measures all of the goods and services produced in a year, grew from $9.9 trillion to $22.5 trillion from 1989 to 2023 (after accounting for inflation), according to the Bureau of Economic Analysis. This figure represents a massive increase in economic output.