Business
Earlier this week the stock market was up almost 20% on a year-to-date basis. It has been driven upwards primarily on the back of an expanding economy, explosion in corporate earnings, and even a very, very positive recent employment report. Since then, however, it's clear that some storm clouds are brewing and we could experience periodic braking and a temporary slowdown. Market observers are pulling back their outlook for growth somewhat in the second half of the year. As Commerce Chief Economist Scott Colbert, CFA, explained in a previous segment, we are heading into the part of the recovery where we are transitioning from a reliance on government stimulus to a natural, self-sustaining economy. Scott sees this as rough weather that we're going to have to get through on our way to our long-term, positive economic outlook, as he further explains in this edition of “Five Minutes With Scott Colbert.”https://info.commercetrustcompany.com/five-minutes-with-colbert-820