Cocktail Investing

  After a one week break over Easter, Tematica’s Chris Versace and Lenore Hawkins have a lot to discuss — from the recent wobbles in U.S. equities to the recent economic data that points to an economy that is nowhere near as robust as many were anticipating at the start of the year. On the podcast, they discuss:   How economic warning signs are mounting from contraction in the auto sector to housing rolling over and office vacancies on the rise while industrial production saw 16 of 20 sub-sectors in decline in March. What the bond market is telling us about growth prospects. With the Atlanta Fed’s GDPNow forecasting 0.5% growth for Q1 versus 3.4% on February 1st, this may be this first time since 1948 that the economy will have gone through an entire expansion without once seeing the four quarter trend in GDP over 5%. According to Bank of American Merrill Lynch, a record number of fund managers think stocks are overpriced today, and that survey goes back to 1999 — not exactly a year known for stock bargains!