Introduction
Investing in 2018 and 2019 was fairly predictable in that the economy was slowing, interest rates peaked and began to fall and investors shifted to more defensive assets. Investing in 2020 is less clear as the U.S. economy continues to slow while the global economy is recovering, although slowly.
In this article, I show indicators that are bullish and others that are bearish. I build the February Model Portfolio of funds that will do well in either case. Defensive funds are included to protect the downside.
The Coronavirus
While Powell noted that it is