After a horrific month in which the stock market is on track to finish its worse December since the Depression-era year of 1931, many investors can be excused for reaching for the panic button.
After all, there is uncertainty over the U.S.-China trade war, oil prices, the Fed’s strategy and the contentious government shutdown.
But Adam B. Scott, co-founder of Argyle Capital Partners, writes column for the The Street explaining why we may actually be nearing the perfect time to buy stocks because of the underlying health of the economy. It isn’t just opinion, he crunches the trends and points out the news is not so bleak — with the The Fed’s goal in its rate hike strategy, for example, “to keep the economy on its path of growth and to maintain maximum employment.”
China and the U.S. have, moreover, made progress in talks, and the shutdown is not likely to last much longer than previous shutdowns.
“Is it possible that one or more of these things throws our economy into recession?,” writes Scott. “Yes, anything could happen. Is it likely? I don’t think so. I believe there are too many things that can go right from here.”
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