Are we now at a turning point — the start of a bear market and economic recession?
The financial markets have experienced dizzying volatility through autumn, erasing the market’s gains for 2018. And now, a new poll shows that nearly half of 212 corporate chief financial officers predict that the U.S. economy will fall into recession in 2019.
While it’s also true that half of the CFOs do not expect a 2019 downturn, 82 percent of them agree that, if the current boom survives 2019, a downturn will hit by late 2020, says Duke University’s Fuqua School of Business, which surveys the CFOs regularly. The financial officers also have a pessimistic outlook for the economies of Canada, Europe and Asia.
But you can draw your own conclusions. The stock market responds to — and signals — changes in the economy. To get a better sense of what’s coming, analysts look at the following important indicators, and you should too.