Before you eat that turkey, check out these numbersSubmitted by LWM | Linden Wealth Management LLC on November 27th, 2019
Pre-Holiday Economic Releases
I'm sure you're more than ready to tune out the markets, work, and all of that other stuff and begin celebrating Thanksgiving with friends and family.
But before you do, check out today's latest economic releases. While not necessarily blockbusters, they are more positive and worth noting. Overall, they point to an economy that appears to be stabilizing and turning modestly stronger. A few short months ago, a real debate was brewing if the economy was heading lower and possibly toward recession.
Familiar headwinds were impacting corporate earnings including trade tariffs. Third-quarter earnings turned out ok, and US and China appear on the verge of an initial trade agreement and possible detente or cooling off period.
Today we got another look at third-quarter GDP, which came in higher at 2.1% from a previous 1.9% -- solid and improving. We also received an advanced look at Durable Goods of 0.6% vs. consensus of -0.8%. Other numbers were released, but GDP and Durable Goods are among the most important.
A famous political strategist once said, "the economy stupid" when referring to what matters most in presidential politics. The same can definitely be said of the stock market.
Happy Thanksgiving! Get your copy of "How Successful Couples Build Wealth."
About Linden Wealth Management
As a fiduciary and fee-only advisor, I don't make money by selling financial products. I'm free to recommend the strategies and investments that make sense for couples and individuals, based on a clear understanding of where you're heading in life.
Questions? Please reach out to me via my email with any questions that you might have.
Need more information? Visit my website!
*This content is developed from sources believed to be providing accurate information. The information provided is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties. Individuals are encouraged to seek advice from their tax or legal counsel. Individuals involved in the estate planning process should work with an estate planning team, including their own personal legal or tax counsel. Neither the information presented nor any opinion expressed constitutes a representation by us of a specific investment or the purchase or sale of any securities. Asset allocation and diversification do not ensure a profit or protect against loss in declining markets.