2019 was an exciting year. We had several milestone moments, from new space discoveries and tech innovations to sports victories and stock market records.
As we close out this decade and look forward to a great 2020, let's look back at the 25 most remarkable moments of 2019.
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Keep in mind that making broad predictions is a lot like looking for answers in a Magic 8 ball; a lot of the answers are going to be: Reply hazy—try again. Even expert market strategists get it wrong a lot, because forecasting the future is an inexact science. Don't take these predictions as anything more than a fun exercise.
Source: https://www.marketwatch.com/story/where-will-the-sp-500-go-in-2020-here-are-the-most-bullish-and-bearish-strategists-2019-12-03 (as of 12/3/2019)
Projected Q1 2020 GDP: 1.8%
Projected Q2 2020 GDP: 1.8%
http://projects.wsj.com/econforecast/#ind=gdp&r=20 (as of 12/1/2019)
The global economy is expected to grow about 3.4% in 2020, increasing from 3.0% in 2019.
https://www.imf.org/en/Publications/WEO/Issues/2019/10/01/world-economic-outlook-october-2019
The U.S. inflation rate is expected to rise to 1.9% in 2020.
https://www.federalreserve.gov/monetarypolicy/fomcprojtabl20191211.htm
Artificial Intelligence (AI) will create about 500,000 new jobs.
Worldwide Internet access will grow exponentially, with roughly 5 billion users expected in 2020.
https://www.networkworld.com/article/2238913/10-fool-proof-predictions-for-the-internet-in-2020.html
Japan will build the first robotic moon station.
https://sservi.nasa.gov/articles/japan-plans-2-billion-robot-moon-base-by-2020/
A robo-taxi fleet of up to 1 million self-driving Teslas will be operating in New York.
https://www.extremetech.com/extreme/290029-tesla-well-have-full-self-driving-by-2020-robo-taxis-too
We're looking forward to another exciting year ahead!
2019 has given us a lot to remember. Despite some surprises, the bull market passed the 10-year mark, becoming the longest bull market in U.S. history, and delivering a strong performance for the year.26
Some predict it may continue for at least another year.27
Will that happen?
We'll see.
As a fee-only financial planner in Austin, TX, Safe Landing Financial always puts our clients' best interest first.
With the New Year, we are adjusting our long-term return estimates and expectations for the upcoming year and reviewing clients' financial planning and investment strategies.
If you have questions for what you should be doing in the New Year to improve your financial plan or investment strategy, please give me a call at 512-662-1835. I'd be happy to answer your questions and continue the conversation.
Until then, Happy 2020!
Brian Fry, CFP® Safe Landing Financial
P.S. Continue the conversation over email by signing up (my subscribers get my best insights).
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