2028 Should Be A Good Year

I. Blue skies ahead for earnings?

We are now seven years into our Roaring 2020s thesis, which remains our base case for the rest of the decade, and it has played out very well so far. When we first introduced the idea in August 2020, the prospect of another Roaring '20s sounded a bit delusional. We argued that, as in the 1920s, rapidly proliferating technologies would drive a productivity boom that would support stronger economic growth while containing inflation, boosting real wages, widening profit margins, and lifting corporate earnings.