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So much of our focus this year has been on Covid-19 that you might have missed a major milestone that we passed recently. We are now less than 100 days away from what promises to be a very contentious and impactful presidential election. The economic side of the debate has started to take shape now that former Vice President Joe Biden has released some new tax proposals.
In this Market Update Webinar, Matt Wilson, Managing Director and Chief Investment Officer at Keen Wealth Advisors, takes a look back at what happened in 2019 in the markets and in the economy. And even more importantly, Matt takes a look ahead at what may be in store for 2020. Some of the topics Matt covers in this webinar include: Upcoming election Current corporate earnings outlook Recession risks Health of the jobs market What the leading indicators are telling us Our expectations for the stock market for 2020
The US economy passed a major milestone this summer: the longest bull market in history. Starting with the bottom of the market in March of 2009 through August of 2018, the Dow Jones Industrial Average is up 290%, the S&P 500 is up 320%, and the Nasdaq is up 520%. 2018 has also seen more job growth, strong consumer sales and housing numbers, and Apple and Amazon hitting trillion-dollar valuations.
As much as we caution investors against making knee-jerk reactions to the news, your investments and your long-term planning don’t exist in a vacuum either. That’s why when I attend conferences like the Barron’s Top Independent Advisors Summit or the Schwab Impact Conference, I like to come back with a report that I think will be beneficial to my clients and listeners. It’s just another way that we at Keen Wealth try to give the folks we work with a comprehensive financial-planning experience.
The 2016 presidential election was filled with uncertainty, including how a President Trump or a President Clinton would affect the stock market.
On today’s show, we try to sort out the facts from the what-ifs, and make some considered observations about what President Trump may mean for taxes. Which proposed reforms are most likely to become law? Will there be a compromise with the Democrats? And what should you be doing to prepare yourself and your money for the next four years?