Presidential election years tend to be strong for markets, the incumbent has shown great interest in the stock market’s progress and the Fed seems supportive. This podcast (6:33), suggests that the biggest apparent risk right now is the coronavirus, which will surely adversely affect one if not two quarters of global GDP. And yet that delay in the resumption of economic growth could lead to a big pop in consumer spending, bolstering the economy in 2020, barring unexpected exogenous shocks.
Learn more about your ad choices. Visit megaphone.fm/adchoices