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Quarter Ends Well Despite Trade War, Inverted Yield Curve & Political Crisis

Despite frightful financial news, the third quarter of 2019 ended with American stocks just 1.5% off its all-time high on July 26th.

Over the last 12 months, which includes a -19.8% bear market loss last Christmas, the Standard & Poor's returned +2.1% in value.

Year to date, the S&P 500 returned 19%, despite rising fears over the:

  • U.S. political crisis
  • trade confrontation with China
  • inversion of the yield curve
  • growing chorus of recession predictions

No one can predict financial economic conditions, but we do know consumer income and spending are about as strong as ever in post-War American history.

Despite the increasingly grim news about financial economic conditions, the political crisis, and an expected slowdown in the rate of GDP growth for the next decade, the Standard & Poor's 500 stock index ended the quarter well.

Fairly valued relative to its long-term history, the S&P 500 closed on Friday at 2,961.79.


This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial or tax advice without consulting a professional about your personal situation. Tax laws are subject to change. Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. No one can predict the future of the stock market or any investment, and past performance is never a guarantee of your future results.


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An Unusual Constellation Of Economic Surprises
Longest U.S. Expansion Keeps Rolling
Retirement Income Reality Check
Find The Major Economic Trend Hidden In This Picture
Is The New Record High In Stocks Irrational?
Stocks Break New Record; Economic Outlook Clears
Despite Frights, Can The Expansion Continue?
Retail Sales Coverage Reflected The Narrow View Of The Media
Small-Business Optimism Declines But Remains High
Analysis Of New Employment, Manufacturing & Service Economy Data
No Recession But A Slower Pace Of Growth
Fickle Financial Headlines Brighten
Economy Gets Bad Press Again
Europe's Growth Problem And Your Portfolio
Stocks Dropped 2.6% On Friday, As Reality Gap Seemed To Widen

This article was written by a professional financial journalist for Vantage Point Financial Services, LLC and is not intended as legal or investment advice.

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