A love song for economist Fredrich Hayek

The current Chair has a knack for making more market-friendly comments than his predecessors or many of his global peers, a trait that can be attributed to his ‘Goldilocks’ mentality, which is focused on what can go right.

The S&P 500 fell by more than 2.7% on Friday, which came as a big surprise to many. While the size of the decline was certainly unexpected, the change in trend was not. So what can one expect to see next?

The housing rebound is expected to support the economy this year, with the sector likely to experience modest growth in residential investment.