By Tony Moeller, CPA
The S&P 500 and Nasdaq Composite rose to new records earlier this week. Helping spur this was news that the U.S. economy (GDP – gross domestic product) grew at a strong rate (3.2%) in the first quarter. This was more than economists forecasted, partially due to a boost in U.S. exports, falling imports, and inflation remaining contained.
Renewed confidence in the U.S. economy has helped markets rebound from last year’s slide, and the following are some of the reasons why we are seeing stocks and bonds perform well thus far in 2019.