Healthy consumer confidence, low unemployment, stable inflation, rising corporate profits and, although slowing, a growing economy suggest 2020 will present another rewarding year — albeit a more modest one — for U.S. equities investors.
The economy and equities markets do face a number of developing risks that likely will curb gains from 2019's unusually powerful performance, including global trade tensions and increased volatility.
Overall, though, 2020 should bring further economic and stock market gains, with the longstanding bull market persisting and no recession likely in the near term. We estimate 5 percent to 7 percent total returns for U.S. equities, somewhat in line with anticipated modest earnings-per-share growth, as markets appear to be fairly valued, or close to it.
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Your Market News update for May 30, 2019 | View online Market News News that's moving the market now As Trade-War Worries Linger, Market Seems to Lack Buying Conviction May 30, 2019 8:40 AM | JJ Kinahan 6 min read | Daily Market Update