Trading NationAccording to Moody's Analytics chief economist Mark Zandi's 2020 outlook, the backdrop is showing signs of cracks."All of the pillars of the stock market look a bit shaky to me," he told "" Thursday. "While the economy will be okay in 2020, I think the stock market will have a rougher go of it."
While he cites consumer spending, household balance sheets, jobs growth and a housing market as economic bright spots, he also sees slower than expected real GDP growth, a growing federal budget deficit and challenged corporate earnings pressuring the economy. "Businesses are going to struggle with declining margin, and so corporate earnings growth will be flat. Lackluster," he said.
TradingNation Don’t tell us what you think, show us your portfolio!
TradingNation Why dont you bring out all the nay sayers at once rather than just piece meal them.I'm sure all these negative individuals have great track records predicting armageddon.
TradingNation Ok Fake news
TradingNation I can't remember the last time I saw a positive CNBC story about the economy. Constant doom and gloom. Just keep dollar cost averaging and don't let these charlatans scare you.
TradingNation This market is going to crash and burn and idiots like Trump who keep feeding false information are just going to hurt people. 20% lower from here by the end of January...at least.
TradingNation With worldwide central banks pumping money into their systems, many trade deals have been signed, I think many of the major economies will get stronger, not weaker.
TradingNation Stop trapping bears !!
TradingNation Mark if the Democrats get in you won’t have to worry it will fall so fast you won’t have a chance to bail out
TradingNation They’ve been saying that for 11-years.