•   |  (626) 449-7783

An Early Indication The Economy Is Stronger Than Expected

Just three weeks ago, the consensus of about 60 top economists was for a weak 1.3% growth in the first quarter of 2019, but the early indication of a good surprise has appeared.

Throughout every quarter, the Federal Reserve Bank of Atlanta estimates GDP growth dynamically based on publicly available data until the release of the actual GDP figure three weeks after every quarter ends.

The Atlanta Fed's GDPNow forecast is designed to grow more accurate in the closing days of every quarter and in the three weeks after every quarter, before the actual GDP figure is released by the Commerce Department.

With the first quarter over and the release of the actual figures only two weeks away, the GDPNow estimate for first-quarter 2019 growth of 2.1% is much higher than the 1.3% consensus estimate of the 60 economists polled just three weeks ago by The Wall Street Journal. To be clear, the actual GDP figure to be released in three weeks may be 60% higher than the consensus forecast!

Moreover, the U.S. usually leads economic shifts and the global economy is showing early signs it could follow the surprise in the U.S.

The J.P. Morgan Global Composite Purchasing Manager's Index accelerated in March, the worst of economic news to come out of Europe as well as China could be behind us, with a trade war with China starting to look less likely.

The Standard & Poor's 500 index closed at 2,892.74 on Friday, climbing one-half of 1% and 2.1% from last week's close of 2,834.40. Just two weeks ago, stock lost 1.9% in a single day!

A key growth investment in a broadly diversified portfolio, the S&P 500 index suffered a 19.8% plunge between September 20th, 2018's all-time closing high to the Christmas Eve closing low of 2,351.10.

Closing on Friday at 2,892.74, the S&P 500 stood just 2% off its all-time closing high of 2,930.75.


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 or tax advice without consulting a professional about your personal situation. Tax laws are subject to change. Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results. No one can predict the future of the stock market or any investment, and past performance is never a guarantee of your future results.

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.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

2019

2018

2017

2016

2015

EDUCATIONAL WORKSHOPS

2019 SCHEDULE 

YOUR 2019 INVESTMENT STRATEGY

Saturday, March 16, 2019

9:00 a.m. - 11:00 a.m.

South Pasadena Public Library Community Room**

1115 El Centro St.

South Pasadena, CA  91030

**This activity is not sponsored by the City of South Pasadena or the South Pasadena Public Library

 

YOUR 2019 INVESTMENT STRATEGY

Saturday, March 23, 2019

9:00 a.m. - 11:00 a.m.

Ken Nakaoka Center*

1670 W. 162nd St.,

Gardena, CA  90247

*not sponsored by the City of Gardena

 

HELP YOUR CHILDREN WITH FINANCES

Saturday, May 4, 2019

9:00 a.m. - 11:00 a.m.

Ken Nakaoka Center*

1670 W. 162nd St.,

Gardena, CA  90247

*Not sponsored by the City of Gardena

 

HELP YOUR CHILDREN WITH FINANCES

Saturday, May 11, 2019

9:00 a.m. - 11:00 a.m.

South Pasadena Public Library Community Room**

1115 El Centro St.,

South Pasadena, CA  91030

**This activity is not sponsored by the City of South Pasadena or the South Pasadena Public Library

 

YOUR RETIREMENT CHECKLIST AND LTC/LI HYBRIDS

Saturday, July 13, 2019

9:00 a.m. - 11:00 a.m.

Kondo Wealth Advisors Pasadena Office (tentative)

300 N. Lake Ave. Suite 920

Pasadena, CA  91101

 

YOUR RETIREMENT CHECKLIST AND LTC/LI HYBRIDS

Saturday, July 20, 2019

9:00 a.m. - 11:00 a.m.

Ken Nakaoka Center*

1670 W. 162nd St.,

Gardena, CA  90247

*not sponsored by the City of Gardena

 

INVESTING AFTER AGE 70.5 AND RMDs

Saturday, September 7, 2019

9:00 a.m. - 11:00 a.m.

South Pasadena Public Library Community Room**

1115 El Centro St.

South Pasadena, CA  91030

**This activity is not sponsored by the City of South Pasadena or the South Pasadena Public Library

 

INVESTING AFTER AGE 70.5 AND RMDs

Saturday, September 14, 2019

9:00 a.m. - 11:00 a.m.

Ken Nakaoka Center*

1670 W. 162nd St.,

Gardena, CA  90247

*not sponsored by the City of Gardena

 

 

Contact Us

300 North Lake Avenue, Suite 920
Pasadena, California 91101
Phone: (626) 449-7783
Fax: (626) 449-7785
Email: info@kondowealthadvisors.com

Newsletter Sign Up