Sage Advice Quarterly Market Review 1Q2006

Despite the much greater than expected slowdown in the fourth quarter, the economy has strong underpinnings that should keep it firmly on a growth track throughout 2006. However, as the fifth year of expansion gets underway, the financial markets are about to digest changes that typically occur at a mature stage of a business cycle. During the past four years, consumers and housing have been the primary engines of growth, accounting for more than 90% of the increase in GDP.