Looking Ahead to December
The U.S. economy continues to grow at a nice pace. Wages are beginning to move up and consumer sentiment remains very strong. It looks like this holiday season will experience another increase in consumer spending.
We expect to see the U.S. stock market continue to drift upward for the remainder of the year.
The market is being helped by a relatively stable interest rate environment. And, we believe that the market will continue to drift higher because many Money Managers who have cash sitting on the sidelines will feel pressure to invest it before the end of the year.
As we move into next year, we expect the U.S. economy continue to move in a positive direction. We also believe that global growth will begin to pick up as well. There are a few geopolitical events that could trigger a downturn, like the addition of new tariffs or some other type of catastrophic unforeseen event.