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The markets have been pretty choppy over the past couple of weeks as investors continue to monitor anything that could stop the bull market. The latest being ongoing price increases. High demand and supply chain obstacles drive the price of commodities higher, specifically oil and natural gas, leading to the recent pessimism in the markets.
However, I view these concerns as temporary as the economy has strong underlying fundamentals that should propel markets in the upcoming months. If we use the Conference Board U.S. Leading Economic Index as a gauge of future growth, its current level of 13.7% six-month annualized growth is a high number historically, which indicates the economy is on solid footing with more growth to come.
