Market Down / Economy Sound | Crouch Connection, January 2019

MARKET DOWN / ECONOMY SOUND Santa’s sleigh is usually pulled by reindeer. This year, it looks as if it were pulled by a team of bears. With the Dow Jones Industrial Average down 8.7% this past month, this was the worst December since 1931. As Barron’s said this week, “While government shutdowns and cabinet resignations make for good headlines, there is only one thing that gets the market to slide like that: recession fears, in this case exacerbated by a Federal Reserve that seems to acknowledge that possibility.” So, is a recession in our immediate future? “THE ONLY THING WE HAVE TO FEAR IS FEAR ITSELF” In her December 14 “Economic Perspective”, TD Bank Chief Economist Beata Caranci borrowe

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