The spread of Coronavirus is putting its mark on the world’s capital markets this morning. Global Stocks and US Futures are down 2% to 3.5%, oil and other economic commodities are having significant declines as well. Bonds prices are up (yields down) via a flood of monies seeking safety.
Historically, the housing industry has led the U.S. out of a recession and many economists consider new housing starts to be a leading economic indicator versus a lagging indicator. Think of it this way:
There are some significant changes to your retirement plans starting January 1, 2020. Between the Internal Revenue Service announcing cost-of-living adjustments for tax year 2020 and the new Secure Act, there is a lot to digest.