Why 2019 Is Turning Out to Be a Great Year for US Stocks
Good enough could be the mantra of 2019. Many key gauges of US economic activity are weaker than they have been in quite a while, including GDP growth, corporate profits and new jobs created, especially in manufacturing. However, the numbers being reported are beating analyst expectations. Add to that the the potential for a US-China trade deal and three interest rate cuts by the Federal Reserve so far in 2019, and you have the makings of a rally in US stocks, which are flirting with new record highs. Our November 2019 Economic Flash Report presents our outlook for the rest of 2019, and how our portfolios are positioned as we approach year-end.