As we made our way through 2019, signs of softening economic conditions became increasingly apparent, even while consumer confidence remained high and job growth came in better than expected. Now, as we look ahead to a new year, the path is somewhat unclear. Will the economy continue in slow-growth mode? Or will we see the recession many media and industry pundits have warned about?
2020 Outlook: Continued Growth or Recession?
Market Faces More Turbulence, But Positive Trends Continue
It’s been a tough time for the markets. Indeed, we recently saw the largest stock market drop of 2019. With the Dow Jones Industrial Average declining more than 800 points (over 3 percent) on August 14, investors are starting to worry. But is this latest round of volatility cause for concern? Let’s take a closer look.
At the end of last year, the big question was, “Will 2019 bring the end of the recovery?” All of the data seemed to point to an answer of “Not yet.” And so far, that answer still holds. The big picture suggests growth is likely to continue for the rest of the year, which should, in turn, support the financial markets. But there’s more to the story . . .
2019 Midyear Outlook:
A Story of Headlines Vs. Fundamentals