Divided government may be the force behind a continued bull market in 2020. CNBC explores the thinking behind David Kostin’s 2020 S&P 500 target of 3,400. Will we see negative interest rates in the US? Low bond yields are pervasive throughout the global economy, but the question remains as to how far they’ll drop here. Schwab’s chief investment officer for fixed income shares his views on what he calls a “perfect storm” for investors. Look for hiring in Georgia to hit the brakes in 2020. Georgia State’s Forecasting Center just released a quarterly report detailing the effects of the trade war with China on Georgia.
Goldman Says Political Gridlock To Propel Stocks In 2020: “United We Fall, Divided We Rise.” — Goldman Sachs told clients on Monday that the longest bull market in modern U.S. history will continue in 2020 and mark its 11th anniversary in part thanks to an expected political stalemate in Washington. Read more…
Super Low Bond Yields Are Everywhere, And Here To Stay — As 2020 looms ever closer on the horizon, extremely low bond yields are pervasive throughout the global economy, as many longstanding investment “truisms” have been falling by the wayside. In this investment environment, Schwab’s Brett Wander says he wouldn’t be overly surprised to see U.S. rates go even lower still. Read more…
Hiring To Hit The Brakes In 2020, GSU Predicts — The longest economic expansion on record will continue, but the pace will slow as hiring hits the brakes in coming months. That’s according to a quarterly report from the Georgia State Forecasting Center. America’s ongoing trade battle with China has combined with a global slowdown to hamper growth here, said Rajeev Dhawan, the center’s director. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller