Posted 2/10/2024, 2:03:50 PM
Private Sector Deficit and Capital Outflows Signal Economic Slowdown Ahead, While Demographics Point To Long-Term Growth
- U.S. private sector recorded $52B deficit in January 2024, pointing to weaker markets in February
- Federal government injected $32B into economy in January but $67B flowed out to foreign accounts
- Seasonal stock market trend predicts decline from late Feb through March before rebounding
- Housing market indicators like lumber prices and homebuilder stocks appear to be bottoming
- U.S. working-age population trend reversal since 2020 underpins strong economic growth ahead
