Given current and projected productivity and labor supply dynamics, productivity is unlikely to provide a significant lift to future growth.
With little room for the unemployment rate to fall lower, many economists are growing increasingly concerned with the availability of labor supply and, the prospects for near-term economic growth.
Global trade tensions may continue into 2020, weighing on global growth and acting as a headwind for further equity market gains.
Improving credit fundamentals, light tax-exempt supply and robust demand have driven the strong performance of municipal bonds in 2019.
The Armageddonists and the price of fame.
For investors peering into 2020, it is likely that U.S. monetary policy will remain on hold for the time being.
Emerging market equity performance can swing in the short term as a result of big swings in investor sentiment.