AUTHOR: TOWNE SCHERER.COM/BLOG9/1/2019: TowneScherer Private Wealth Management BLOG:
The Tough Go Shopping
US GDP growth was up to 2.0%, revised down from 2.1%, says FOX 28 Spokane 8/29/2019. The continued growth in the US economy despite the threat of tariffs and a slowing world economy can be credited to strong consumer spending, according to FOXBUSINESS 8/29/2019. As the saying goes, “when the going gets tough, the tough go shopping?
The Trending Friend?
The best defense might not be defensive stocks anymore, reports Barron’s8/16/2019. Although traditionally defensive sectors like utilities, real estate, and consumer staples performed well over the last 12 months, their extended success suggests that cyclicals be a better defensive play at this point. Therefore, will the trend have a new friend???
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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.