In 2008, we witnessed the beginning of the largest financial recession since the Great Depression. To mitigate the crisis, the Fed began unprecedented liquidity programs in the United States to stimulate the economy that far exceeded any long-term expectations at the time. While the Fed is stimulating the U.S. equity market less than it has since the Financial Crisis, those programs remain well intact, which begs the question—what is the end game for stimulus policy, and can we expect a return to higher real growth rates?
Read about this and more in CIO John Geissinger’s Q3 2018 Market Overview.
