Good Economic News Again

Published Friday, December 13, 2019 at: 7:00 AM EST

A strong November retail sales report, soaring business-owner confidence, and good news on the trade war with China this past week propelled the Standard & Poor's 500 to a record-breaking closing high. The U.S. trade war with China, at worst, threatens to shave two-tenths of 1% of U.S. gross domestic product, according to research by J.P. Morgan. The damage caused by the trade war is not as costly to the economy as you would be led to believe from the headlines it has generated for months. However, the prospect of the world's two largest economic powers slugging it out...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

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