AUTHOR: TOWNE SCHERER.COM 10/31/2018: TowneScherer Private Wealth Management BLOG:
Bear Market Unlikely
This correction in stock prices will end over the next month or so, reports RiverFront, October 30, 2018. Remarking that US economic growth is peaking, RiverFront also believes that a recession in highly unlikely. Further, RiverFront states that the flat year in the market is based on several factors:
1) Investor expectations concerning interest rates have changed.
And…
2) Uncertainty over US trade with its trading partners.
And, I’ll add in: a caravan of immigrants heading for the US border, assassinations in Turkey possibly having a role in US-Saudi relations, the Kavanagh hearings, bomb deliveries, a synagogue attack and, the 800 LB gorilla in the room…..the mid-terms next week.
Nevertheless, on a positive note, as a SF Giant fan, it was good to see the Dodgers get crushed by Boston in the World Series.
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.