AUTHOR: TOWNE SCHERER.COM/BLOG 3/25/2019: Towne Scherer Private Wealth Management BLOG:
GDP Forecasts
The GDP Forecasts for 2020 are as follows: q1: .5%, q2: -.12%, q3: 1% and q4 .2%., according to MarketWatch, 2/23/2020. Even with all this bad news, still no recession, usually defined by two consecutive quarters of negative GDP growth....amazing!!!
Oversold???
Very oversold says Juergen Timmer, director of global macro at one of the biggest fund companies, according to CNBC 3/20/2020. Many major investors are selling everything: stocks, bonds and gold!! Volatility will peak before a market bottom, they say.....
Darkest before the dawn and stuff like that!!!
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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.