Happy Monday after a not so super Super Bowl. I am conflicted with the event. Why? Tom Brady is a Michigan man, so I am happy for him winning. Yet it was a boring game. I have to admit that I did fall asleep in the 4th quarter.
A defensive controlled, low scoring game is not the most exciting game for a casual fan. This reminds me of an economy that is growing nicely and consistently. Yes, a nice growing economy can be boring, and cause forecasters to look for problems. Could this be where we are today?
I read an article this weekend in the Wall Street Journal that highlighted small business ($1 to $20 million in revenue) optimism. The article focuses on the finding from their pool that 36% expect the economy to get worse and 14% expect the economy to improve. Perception can become a reality.
The yield curve is still inverted, and the economic data is mixed. We may be in the boring 3rd quarter of the economic cycle.
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