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Join date: Apr 30, 2021
Posts (219)
Oct 20, 2025 ∙ 2 min
Optimistic Budget Forecast Supported by Recent Data
The Federal Government announced that the 2025 budget deficit came in at $1.8 Trillion vs. a CBO estimate of $1.9 Trillion. The lower than expected deficit was primarily driven by higher than forecast tariffs which came in at $195 billion. We are now forecasting that the budget deficit for fiscal 2026 comes in at $1.45 trillion which is 4.6% of GDP vs. the CBO estimate of $1.7 trillion. Our forecast assumes long term economic growth of 3%, which we believe is the current sustainable...
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Sep 29, 2025 ∙ 7 min
Weekly commentary
We recently raised our end-of-year S&P 500 Index target from 6,600 to 7,000 which represents 23x 2026 S&P earnings with that high...
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Sep 18, 2025 ∙ 1 min
Fed Delivers Cut with Guidance In Line with Market Expectations
The Fed statement and dot plot were in line with market expectations as the statement highlighted the weakening employment market and...
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InfraCap Management
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