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SFY - Expect 2020 To Begin As 2019 Is Ending: In Near-Zero Growth Environment
SoFi Select 500
Introduction
With Friday’s report on November personal income and spending, we have the last major coincident indicator for conditions in 2019. So, where are we and why? Let’s take a look.
2018’s higher interest rates, downturn in housing, and oil patch echo-bust showed up in weak late 2019 growth (with a big assist from tariffs)
The NBER has defined a recession as being typified by a downturn in production, sales, spending, and jobs.
Let’s step back for a moment and see how we got to our current situation. One year ago, when I made my