Big changes going through with the Trump administration. How will our investments do in this environment? We don’t know the rules of the game. Modestly slowing economy, unclear regulations, threats of tariffs and war. Consumers are the economy, and how are they doing? 3 million out of 170 million work for the Federal government. What about Federal layoffs? Inflation? Look at the Fed’s Teal book and other numbers (that are not boring). See what the numbers show about what this might mean for you. How to look at the years with the administration ahead of us. What is the outlook for equities? Is this the time to be a little more active or is it “time in the market that matters?” Hint: spoiler alert: the tariffs may not last and their effects may not be long-term.