Quarter Ends Well Despite Trade War, Inverted Yield Curve & Political Crisis

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Despite frightful financial news, the third quarter of 2019 ended with American stocks just 1.5% off its all-time high on July 26th.

Over the last 12 months, which includes a -19.8% bear market loss last Christmas, the Standard & Poor's returned +2.1% in value.

Year to date, the S&P 500 returned 19%, despite rising fears over the:

• U.S. political crisis
• trade confrontation with China
• inversion of the yield curve
• growing chorus of recession predictions

No one can predict financial economic conditions, but we do know consumer income and spending are about as strong as ever in post-War American history.

Despite the increasingly grim news about financial economic conditions, the political crisis, and an expected slowdown in the rate of GDP growth for the next decade, the Standard & Poor's 500 stock index ended the quarter well.

Fairly valued relative to its long-term history, the S&P 500 closed on Friday at 2,961.79.

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial or tax advice without consulting a professional about your personal situation. Tax laws are subject to change. Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. No one can predict the future of the stock market or any investment, and past performance is never a guarantee of your future results.

This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

2019

• Find The Major Economic Trend Hidden In This Picture
• Is The New Record High In Stocks Irrational?
• Stocks Break New Record; Economic Outlook Clears
• Despite Frights, Can The Expansion Continue?
• Retail Sales Coverage Reflected The Narrow View Of The Media
• Small-Business Optimism Declines But Remains High
• Analysis Of New Employment, Manufacturing & Service Economy Data
• Quarter Ends Well Despite Trade War, Inverted Yield Curve & Political Crisis
• No Recession But A Slower Pace Of Growth
• Fickle Financial Headlines Brighten
• Economy Gets Bad Press Again
• Europe's Growth Problem And Your Portfolio

• Stocks Dropped 2.6% On Friday, As Reality Gap Seemed To Widen
• A Prudent Perspective On Recent Volatility
• A Tale Of Two Economies
• Amid Worries, New Equity Risk Premium Data Explained
• GDP Rose More Than Expected; Stocks Top Record Again
• Slower Growth Confirmed By June Leading Economic Indicators
• Stocks Closed At A Record High; Should You Worry?
• Amid Record Stock Prices, Fed Policy Is A Risk
• Uncle Sam Delivers A Strong Economy
• A Dramatic Pause, As Expansion Breaks Longevity Record
• The Explosion In Real Retail Sales You Never Hear About
• Amid Signs Of Weakness, Fed Reverses Course; Stocks Rally

2018

• 'Twas The Last Trading Day Before Christmas
• Stock Plunge Nears Bear Territory After Fed Hike
• A Last-Minute Reminder To Give Wisely And Charitably
• Key Facts About Tariffs, Interest Rates, And Economic Strength
• Fed Chair Extends A Dovish Hand, Lifting Stocks
• S&P 500 Slid Last Week, As Earnings Growth Is Recalibrated
• Last Chance For Pre-Retired Professionals & Biz Owners
• Amid A Swirl Of Controversy, Fed Policy Remained Stable
• More Good Economic News On Friday
• Is Amazon Keeping The Inflation Rate Low?
• Analyzing The Market Correction
• This Week In Stocks And The Economy

• Analyzing The Risk Of Stocks After The 6.9% Drop
• Fed Chair: "We Remain In Extraordinary Times."
• With The S&P 500 Up 7.2% In 3Q18, What's Driving Stocks?
• Widespread Misinformation Follows Household Median Income Report
• Investment Wisdom At A Poignant Moment In History
• Good Economic Surprises Happening Now
• Economic Facts To Prepare For The Elections
• Another Member Of Music Royalty Dies With No Will
• Top 10 Indications The Economic Outlook Is Brighter Than Expected
• Wealth And Economic News This Week (2-Minute Read)
• 10 Things: New Education Tax Breaks For A Child Or Grandchild
• The Truth About U.S. GDP Growth

2017

• 2017 Ends With S&P 500 Total Return Of 21.8%
• President Signs Historic Tax Cuts And Jobs Act; Stocks Drop A Fraction
• Good News On The Economy And A Tax Alert
• Tax Bill Drives Another Stock Market Record And Gives You To-Dos By Year-End
• An Eventful Week In Wealth Management
• Leading Economic Indicators Surge, Stocks Break Record High Again
• News Affecting Your Wealth Dominated The Headlines This Past Week
• U.S. GDP Growth Surprise Propels Stocks To New Record
• Why Does The S&P 500 Keep Breaking Records?
• U.S. Stocks Nearly Doubled In The Last Five Years
• The Big Economic News The Media Keeps Missing
• Trump Tax Plan Upends Year-End Tax Planning

• Key Senators Agree On A Road To Cutting Taxes This Year
• Year-End Tax Planning Could End With A Thrill This Year
• This Week's News About Wealth Management
• Stocks Dropped For Second Straight Week Amid Strengthening Economic Reports
• With Stocks Near All-Time High, Personal Income And Employment Data Are Released
• How Strategic Asset Allocation And Rebalancing Worked In The 12 Months Ended June 30
• Wall Street's "Top" Strategists' Recommendations Are Like Monkeys Throwing Darts
• Stronger Than Expected Jobs Creation But CNBC Reports "Trouble Lurked"
• S&P 500 Returned 2.9% In 2nd Quarter And 9.2% In First Half Of 2017
• Despite Distractions, Demographics Are Poised To Drive U.S. Long-Term Growth
• The Federal Reserve's Historic Economic Experiment Entered A New Phase
• Despite The Washington Sideshow, Stocks Closed At A New All-Time High

2016

• Visualizing The Risk Of Running Out Of Money In Retirement
• Wall Street's Strategists About As Good As Monkeys Throwing Darts
• Stocks Surge 2% Friday But Why Are They So Volatile Lately?

2015

• Despite A Lackluster Black Friday, Economic Fundamentals Look Good