FYI: Despite robust 3.1% GDP growth in the first quarter of the year and 2.1% in the second, many investors are concerned that the U.S. economy is slipping into recession. This fear has been driven by an inverted three-month to 10-year U.S. Treasury spread, historically a harbinger of economic slowdown, as well as negative rhetoric from pundits and politicians. On July 22, U.S. Senator and presidential candidate Elizabeth Warren wrote an article on the website Medium titled “The Coming Economic Crash–And How to Stop It,” in which she stated “Warning lights are flashing. Whether it’s this year or next year, the odds of another economic downturn are high—and growing.” Given this underlying pessimism, it’s worth reviewing the mixed signs the market is giving us and where we could be headed from here.
Regards,
Ted
https://www.forbes.com/sites/randywatts/2019/08/08/the-feds-rate-cuts-might-save-the-stock-market/#2f1da2b21c63
