Resilient By Design: Why the U.S. Economy Keeps Surprising

Look past the headlines• Today’s backdrop is dominated by geopolitical tension, shifting central bank leadership, and lingering inflation concerns.• For disciplined investors, the focus is on the structural drivers beneath the noise, and the U.S. economy continues to show diversified resilience despite elevated uncertainty.The labor market looks flat, but the details matter• Net new job growth has been close to zero since August 2024, yet the unemployment rate has remained remarkably steady.• The apparent disconnect is explained by a simultaneous cooling in labor force growth, which has moved in the same direction as job growth.Productivity is the more important story• With much of the federal government downsizing likely behind us, employment gains may be modest from here.• The bigger story is worker efficiency, as productivity can help support growth while moderating inflation pressures.Read the full commentary: https://www.etftrends.com/etf-strategist-content-hub/rotation-not-recession-a-broadening-market-emerges/AND Visit: http://sheltoncap.com/stringer to explore our approach.