Edgy Equities
12/17/2018 |
US Markets are jittery after suddenly realizing Europe and China have been slowing and that this will reduce US growth. That said, US 18Q4 growth should be a strong 3%, wage growth is at its best level in a decade, and retail sales are strong. For perspective, the GDP hit from the huge dot-com equity collapse was about half a percentage point. The current equity decline is much smaller.