Market Summary & Metrics - February 2019
Financial markets in February built on record January numbers as investors loaded up on assets across the spectrum and foreshadowed another bullish year. The U.S. economy remained strong despite the federal government shut down and hostile weather events. While some economists anticipate a recession within the next two years, consumers and business owners remained confident about the future. Ray Dalio, Co-CIO of Bridgewater Associates, the US's largest hedge fund, recently said that while he still expects that there will be a significant slowing of growth in the U.S. and most other countries, he has lowered his odds of a U.S. recession coming prior to the U.S. presidential election to about 35% from over 50% just 2 months ago.
Share prices continued to build on January’s heavy gains, setting up what one analyst argued was a sign for a bullish year. "Since 1938, there's been 30 years where both January and February have been positive”, Jodie Gunzberg, head of U.S. equities at S&P Dow Jones Indices, told CNBC. “And 29 of those years out of 30 have ended up positive, and big, on average over 20 percent."
Braun-Bostich & Associates, Inc.