In hockey, they always say skate to where the puck will be, not to where it has been. We always have to do that in our business, but it seems particularly difficult right now: Given the errors inherent in much of the data, it is difficult to know where we actually are, let alone where we are going. Trump 2.0 is coming out of the gate with so many potential policies that it is difficult to track, let alone understand, what will get implemented and what it will do. Understanding those issues, let’s see what we can come up with. ... Where Is the Economy Headed?