John Lynch Chief Investment Strategist, LPL Financial | Jeffrey Buchbinder, CFA Equity Strategist, LPL Financial
Why would we write a report about recession with the S&P 500 at record highs? Consider it a check-up. Just because you feel good doesn’t mean you skip your annual physical at the doctor. We check in on some of our favorite leading indicators to see if any cracks are forming in the economic expansion and its accompanying bull market.
NO SIGN OF IMMEDIATE RECESSION OR BEAR MARKET
With stocks setting more new record highs last week, why are we concerned about watching for recession? While our outlook is still optimistic, we don’t want to be complacent. We expect steady growth in the U.S. economy and corporate profits in 2020. We are encouraged by recent progress on trade and evidence of stabilizing growth in international economies, and we expect...