DALLAS (BP) -- While the market moves and minute-by-minute headlines on cable news and social media can be alarming, David Spika, chief strategic investment officer of GuideStone, indicated that volatility witnessed this week in the market at this point of the economic cycle would be expected.
"Stocks rallied in 2019 based on several factors, with Federal Reserve rate cuts being most prominent," Spika said. "Corporate earnings growth and an improved global economy are the most important factors that would be necessary to continue this long-running market rally. While not impossible, the likelihood for that is diminished for several reasons. The age of the economic cycle, 11 years, is several years longer than the historical average. Read More