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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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Index
Economic Fundamentals Recovering As Stocks Surged For the Week
Stocks Swing Wildly As Economic Recovery Begins
Dog Days Of Summer In The Economy 
V-Shaped But Full Recovery Is Long Off 
Covid-19 Causes A Good Surprise
The Epidemic Sets The Economy Back About Two Years
Is This A New Bull Market? 
The Pandemic And Stocks
Despite Disastrous Jobs Report, Stocks Surged 1.6% Friday
Amid The Crisis In The Economy, Two Good Anomalies
Business Owners Must Act Now On COVID-19 Relief
Financial Economics With The Epidemic's End In Sight
The Beginning Of The End?
An 11.4% One-Week Gain In Stocks
What Investors Should Expect And A Business Owner Alert 
Is the Coronavirus Bear Market Over?

This article was written by a professional financial journalist for Responsive Financial Group, Inc and is not intended as legal or investment advice.

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