#334 2019, Wall of Worry?

The Bulls of the Market

On Monday of last week, we had one of the worst market performances for a Christmas Eve and then on Wednesday the Dow Jones had its best day ever. To say it’s been a roller coaster ride is an understatement. Going into 2019 the bulls of the market have a lot of positive things to look at. This past weekend a lot of progress was made with the China trade talks and it showed that the markets are liking that. We are hoping to get a clearer picture of what the Federal Reserve will do in the new year in their upcoming meeting on Friday, where three of the Governors are meeting. Corporate earnings are expected to continue to grow at 8%-10% which is very good and shows growth. Solid economic data has come out showing that we still have a record unemployment number along with other positive indicators. One report last week showed that the most consumer spending is six years happened this holiday season. One thing we say a lot because of how important it is, is that 70% of our economy is made up of the consumer which is a very strong number. It has been proven that there’s a lot of confidence out there even though the market has had a few swings.

The Fed Meeting

We’re watching out for Friday’s meeting for the American Economic Association in Atlanta. The reason it’s such a big meeting is that the current Fed chair, Jerome Powell, will be there as well as the two former chair holders, Ben Bernanke, and Janet Yellen. We think it’s going to be a more anecdotal discussion on the economy and we expect a lot of good information to come out of the meeting. One thing that you will see with the government shutdown is that you don’t get as much data on the economy so we’re looking forward to this meeting and are anxious to see what comes out of it.

Corporate America

We said on the blog last week that the people that are running these companies that are going into the market to go public when they’ve been private, are smart people. The past year, 2018, and going into 2019 has been one of the best years in Initial Public Offerings, IPO, that we’ve ever had. If companies were worried about the economy that much, they would take themselves off the shelf and stay private. In the first half of 2019, we’re probably going to have a record level of companies flipping from private and going into the market which means people running corporate America are just as confident as the consumer.


Greg Powell, CIMA®
President and CEO
Wealth Consultant
Email Greg Powell here

Bobby Norman, CFP®, AIF®
Senior Vice President
Wealth Consultant
Email Bobby Norman here

Ashley Page, JD, MBA
Senior Vice President
Wealth Consultant
Email Ashley Page here


Fi Plan Partners is an independent investment firm in Birmingham, AL, serving clients across the nation through financial planning, wealth management and business consulting. Fi Plan Partners creates strategies in the best interest of their clients using both fee based investing and transactional investing.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

Economic forecasts set forth in this presentation may not develop as predicted.

No strategy can ensure success or protect against a loss.
Stock investing involves risk including potential loss of principal.

Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.

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