Don’t bail out on the stock market just because your stomach can’t take it, market pros suggested last week. Yes, it will continue to be a rocky ride for investors. And yes, a bear market will eventually come (if not for a couple of years).
But neither the stock market nor the economy is likely to blow up in 2019.That was part of the economic and investment outlooks from UBS and Natixis officials in separate press briefings in Manhattan after the Dow Jones dropped 800 points on Tuesday.
Market volatility will continue in 2019 as well as further tightening of rates by the Federal Reserve, said officials at both sessions. But there is some equity growth left in this now long-in-the-tooth bull market and robust economy, they said.