
Recession? Yes or No
The word Recession hit the airwaves on August 14th and a stock market sell-off ensued. The Dow dropped 800 points (-3.05%) on that day.
The word Recession hit the airwaves on August 14th and a stock market sell-off ensued. The Dow dropped 800 points (-3.05%) on that day.
In June the stock market and the bond market rallied sending conflicting signals about the economy. It is unusual for these two markets to move in the same direction.
In spite of a strong economy, the geopolitical uncertainty roiled the stock market in May. Only time will tell how these issues are resolved.
The recovery from the fourth quarter market decline has been swift and after four months, 2019 is on strong footing.
Economic activity continued at a strong pace with more job growth, wage gains, low unemployment and low inflation. In spite of these positives, talk of a recession dominates the air waves.
2018 started strong in January but ended with a December marked as the worst December since 1931.