Stocks started the year strong, but quickly erased early gains. President Donald Trump’s ongoing trade war with China and threats of tariffs have spooked investors. Recent rate increases by the
2018 was a tumultuous year for markets. Stocks started the year strong, but quickly erased early gains. President Donald Trump’s ongoing trade war with China and threats of tariffs have spooked investors. Recent rate increases by the Federal Reserve, soft economic data and a series of congressional hearings with big tech CEOs have also deepened market uncertainty.
Will 2019 bring the return of a bear market? A possible recession? Or will stocks rebound once more? Here are five predictions for market performance next year.
Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE), December 27,2018 in New York City. After falling over 600 points earlier in the trading session, the Dow Jones Industrial Average ended the day up 260 points. Drew Angerer/Getty Images
Investment bank Goldman Sachs cut its stock market predictions for the first six months of 2019, citing weak economic data and increased uncertainty. They also said that growth would slow to two percent next year. The company said its altered forecast stemmed from precaution, not broader fear for the economy.
