Quarter Ends Well Despite Trade War, Inverted Yield Curve & Political Crisis
Published Friday, September 27, 2019 at: 7:00 AM EDT
Despite frightful financial news, the third quarter of 2019 ended with American stocks just 1.5% off its all-time high on July 26th.
Over the last 12 months, which includes a -19.8% bear market loss last Christmas, the Standard & Poor's returned +2.1% in value.
Year to date, the S&P 500 returned 19%, despite rising fears over the:
- U.S. political crisis
- trade confrontation with China
- inversion of the yield curve
- growing chorus of recession predictions
No one can predict financial economic conditions, but we do know consumer income and spending are about as strong as ever in post-War American history.
Despite the increasingly grim news about financial economic conditions, the political crisis, and an expected slowdown in the rate of GDP growth for the next decade, the Standard & Poor's 500 stock index ended the quarter well.
Fairly valued relative to its long-term history, the S&P 500 closed on Friday at 2,961.79.
This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial or tax advice without consulting a professional about your personal situation. Tax laws are subject to change. Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. No one can predict the future of the stock market or any investment, and past performance is never a guarantee of your future results.
- Investing In An Economy Beset By Multiple Anomalies
- Despite Bad Economic News, Stocks Rose 4% In The Week Ended July 29, 2022
- Amid Bad Data Releases, Leading Economists Predict No Recession
- Good News: Real Retail Sales Dropped Fractionally In The Past Year
- Financial Economic News Analysis
- The Good News Is All This Bad News
- Four Signs A Recession Could Be Short And Shallow
- Odds Of A Soft Landing Shrunk After Friday's News
- Bad Inflation Surprise Sends Stocks Down Sharply
- It Could Be A Long, Hot Summer For Investors
- What A Difference A Week Makes
- Amid Stock Market Turmoil, +2.3% Growth Projected In 2022
- Staying On Track Amid The Ukraine And Inflation Crises
- For Investors, 2022 Is Turning Into A Test
- Is The Economy Brightening? Or Is The Federal Reserve Slamming The Door On Growth
- Financial Economic News In Perspective
- Stocks Closed Lower This Week On Inflation Fears
- The Main Risk To Investors Now Is Federal Reserve Policy
- Service Sector Jobs Are Catching Up
- Stocks Returned +8.3% More Annually Than 90-Day T-Bills In Past 20 Years
- Perspective Amid A Moment Seeming Fraught With Investment Risk
- Two Years After The Pandemic Began
- Turning The Page On A Dark Period In History
- Russia-Ukraine War Erupted And Inflation Worsened But Outlook Drove Stocks Higher For The Week