"I can't say the economy is booming, but I do think the economy's fundamentals remain healthy. The Fed is not making any obvious mistakes, the dollar is reasonably strong and relatively stable, overseas equity markets are rallying along with ours, regulatory burdens are declining, consumer confidence is high, tax burdens have been cut, especially for businesses (the ones who are the job creators and the drivers of rising prosperity), gold prices are relatively flat and trendless, industrial commodity prices are rising, and it appears that we are gradually coming to an agreement with China on trade and intellectual property rights (i.e., the risk of a trade war is definitely declining). Thus, it pays to remain optimistic."
(10 key charts say there's little to worry about dated 04/07/2019 by Scott Grannis, Chief Economist at Western Asset Management from 1979-2007)
Full article can be read here: http://scottgrannis.blogspot.com/2019/04/10-key-charts-say-theres-little-to.html