Quote: ” I think investors need to keep their eyes on the ball. The rate of economic growth is slowing dramatically from last year and it has tempered the rate of inflation as demand slows. The declining rate of job growth is confirming that fact. The stock market is not discounting this reality. A rate cut by the Fed takes months to have an impact on real economic activity, and it would be largely ineffective in 2019. It would also signal that the economy is in dire straits, as it did 2007 and 2001, as can be seen in the chart above. “
Lawrence Fuller (no relation) posted that summary at the conclusion of his weekly update https://seekingalpha.com/article/4269505-weekly-economic-vital-signs-keep-eye-ball
Nothing has changed from my perspective and I remain fully in capital preservation mode and vulture-like adding capital when value unicorns pace the street.