AUTHOR: TOWNE SCHERER.COM/BLOG11/15/2019: TowneScherer Private Wealth Management BLOG:
Weak is Good for the 2020 Markets
Weak 2019 earnings growth supports a positive earnings picture for 2020, says CNBC 11/11/2019. On such news the markets have rallied, believing this will make for easy comps. Now…if we could get some progress in the China trade negotiations. Ba-Da-Bing!!!
…what was that you asked for?
Did China Blink in the Trade War?
China lifted their ban on $1 Billion dollars of US poultry imports on 11/13/2019, according to FOX Business 11/14/2019. This is great news for the US which shipped almost $4.2 billion in poultry product in 2018, making it the second largest exporter of this food source. Further, is someone blinking in the trade war?
Looking Good with a Little Caveat
After three rate cuts in 2019, Jerome Powell, Fed Chairmen, told Congress’s Joint Economic Committee this week that there is little need to cut interest rates further, reports the Wall Street Journal 11/13/2019. Although the markets responded positively on the news, Powell warned that rising federal budget deficits and high debt could be an issue in the future. Always something!!!
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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.
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.