HCR Wealth Advisors Bullish on 2020

Investors are keeping a watchful eye on the financial markets wondering if this current long-term bull market will continue to run through 2020. HCR Wealth Advisors believes the bulls will still be in control – but with a twist.

HCR WEALTH ADVISOR

Jordan L. Kahn, CFA, Chief Investment Officer for HCR Wealth Advisors, reports that 2019 was a hugely profitable year in the financial markets. The S&P 500 Index finished the year with its second highest annual return in the last 22 years. Bonds also ended the year higher. And the Federal Reserve cut interest rates three times in 2019 in an effort to stimulate the economy. Kahn believes the positivity continues through 2020 but he is expecting a bit of a pullback in the stock market. That pullback will be a small correction and will not signal the end of the bull market.

HCR Wealth Advisors reports that record low unemployment and record high assets continue to fuel consumer spending. The U.S. Economy is growing at a moderate and sustainable pace. The long-awaited trade deal with China that was signed in January of 2020 is expected to ease some of the uncertainty in the manufacturing sector. 

HCR Wealth Advisors is a Los-Angeles based independent financial services firm. The company’s team of Certified Financial Planners offers clients financial planning and investment management services. The advisors tailor individual strategies to help clients reach their financial goals and guide them through stages of market volatility. The experts at HCR Wealth Advisors believe that 2020 will be an upbeat year across the financial markets, just not an absolute repeat of the financial successes in 2019.

This article is provided for informational purposes only and should not be interpreted as investment advice.