In Park City Wealth Advisor's 2024 Mid-Year Economic Update, titled “A Tale of Two Cities,” we delved into a nuanced discussion about the divergent perspectives held by Americans.
On one hand, 49% of Americans perceive the S&P as having declined for the year, with unemployment reaching a 50-year high. On the other hand, the remaining half of Americans maintain a positive outlook on the economy.
For those who were unable to attend the economic update, you can access the recording via the following link:
We also offer a tantalizing preview from the call below:
55% of Americans believe the US economy is shrinking
56% believe the US is experiencing a recession
**The Reality: The US great by 2.9% in 1Q 2024 (YoY)
49% believe the US stock market is down this year
**The Reality: S&P 500 was up 15.29% in the 1H of 2024
As always, call/text/reach out with questions and feel free to share with those who may benefit.
Comments