Q3: Where Are Markets Headed?

Clients ask us this question often, and we’re sure they are asked the same question by their peers. Of course, the answer is, “No one knows where markets are headed—if someone did, they would quit work and invest every penny in the market they knew would rise the most!” We all know this question doesn’t have a true answer, but that knowledge doesn’t seem to stop us from asking it. And it doesn’t stop some asset managers from answering it.
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Where’s the Bear Market Recession?

It only feels like it was yesterday (January 2019) that U.S. economists were calling for the end of the bull market and the beginning of the next recession, since this is a bull market that’s just “gone on for too long.” Only bull markets don’t die of old age. Rather, they die of something no one sees coming...
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