Stocks Break New Record; Economic Outlook Clears
Published Friday, November 1, 2019 at: 7:00 AM EDT
The Federal Reserve uninverted the yield curve and the economic horizon just turned brighter.
Despite the trade war with China, a shrinking U.S. manufacturing sector, and political uncertainty, the clouds threatening an end to the 10½-year old expansion have cleared.
As of Halloween, the financial world made sense again. This was no trick! All treat.
A short-term T-Bill, as of October 31st, 2019, paid less interest than a long-term T-Bond.
The restoration of financial logic indicates that investors worldwide believe the Fed reversed itself quick enough to avert causing a recession. The threat of a recession is over.
The Standard & Poor's 500 stock index, the main benchmark of current financial and economic conditions, closed the week at a new all-time high of 3,066.91.
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.
- 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
- Investment Perspective Amid Risks Of Fed Tightening, Covid Variants, And European War
- S&P 500 Lost -1.9% Friday; Latest U.S. Economic Data Are Strong
- January Job Formation Figures Crushed Expectations, Amid A Shortage Of Workers
- S&P 500 Closed Up 2.4% Friday After A -10% Correction
- Stocks Declined Sharply, Even As Economists Expect 3% Growth In 2022
- Should You Care About Wall Street Stock Market Predictions?
- Weekly Economic Update For Investors