11/1/2022Back to GDP Growth…Head-Fake?
AUTHOR:TOWNEWEALTHMANAGEMENT.NET/BLOG11/1/2022 Towne Wealth Management BLOG:
Back to GDP Growth
2.6% growth in the GDP in the third quarter, reversing the two opening recessionary quarters, surprised many analysts, reports CNBC 10/27/2022.Government expenditures, increases in consumer spending and a narrowing trade deficit are credited with the improving economy.
Is this a Head-Fake?
Well…many believe exports will soon fade and domestic demand will now get crushed under the weight of higher interest rates. This should push the economy into a mild recession in the first half of next year, leaving this positive 3rd quarter as but a….Head-Fake.
'Although the markets have recently rallied,
we most likely have some more hurdles to overcome...
before this market volatility…subsides.'
-----------------------------------------------
Remember
“Follow the Investment Trends”
With
Wave and Wind
Only available through
Towne Wealth Management
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.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL.