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A Behavioral Approach to Investing

Using Scientifically Engineered Models

3 Minute Market Outlook - Q3 '19

Here’s a quick look at the most important charts from our 3rd Quarter Market & Economic Update.

I realize some of you don’t like to watch videos, so here are the slides.

Economic Outlook: Still feeling the impact of rate hikes from last September & December. Cuts now are unlikely to change direction of economic growth for a while, which is a big risk for investors.

Stock Market Outlook: We have been in a prolonged period of strong gains for stocks. Historically this means a very sharp 18-24 month sell-off. Disappointment from the Fed’s inability to spark economic growth could cause it to start falling. More likely, the cause will be our final chart.

Bond Market Outlook: By far the area that is likely to cause the next crisis. Corporations have more leverage now than in 2007. For more read, “Investment Grade Junk"

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New Kent, VA
Jeff joined SEM in October 1998. Outside of SEM, Jeff is part of the worship team at LifePointe Community Church where he plays the keyboard and bass guitar. He also leads a small group Bible study.