Obama’s first two years were great for the market

Companies are putting their public offering plans on hold

The economy seems to be doing just fine, with GDP around the 3% levels to which we had become accustomed, making it unclear why rate cuts are even necessary, particularly in the US.

The inflationary impact of higher energy costs can also tip the economy closer to a recession as consumers may cut back on spending when facing pain at the gasoline pump, making the Fed’s efforts of tightening monetary policy to fight price increases more difficult.