Will Stocks Continue to Surge?

Market

Many analysts say that the stock market will soar to great heights by the end of the year.

However, gains are most likely to be average due to slugging of the economic growth and corporate earnings.

Ryan Detrick who is a market strategist said that it’s going to be difficult for the stock market to surge quickly. However, he added that he expects a good increase which will enable the market to be good for investors to invest their money in. Below are reasons stock could bring health gain throughout the year.

The Economy

The US economy is taking a toll, but it is still sturdy. In February employers added almost 20,000 jobs The average job gain is said to slow by about 165,000. Low employment makes it difficult for employers to find new workers. The average annual wage will be pushed. The average yearly wage was at 3% since the last half of 2018.

Stocks Are Still a Good Investment

Currently, a ten-year treasury bond is yielding almost 2.4%. Stocks are still the recommended investment as they are promising and they generate more money enabling the investor and the country to gain more.

Slug in the Global Economy

The global economy is slowing down especially in countries such as China and Europe. About 500 companies get 40% of their revenues from sales which they make overseas. Meanwhile, if a British state withdraws from the European Union which does not involve a trade deal could end up reducing stocks.

Ufuoma Ogono

I am a full time writer with a first degree in sociology and a certification in freelance journalism. With more than three years experience, I cover worldwide news for various websites and I am currently a contributor to smartereum.com. I strive to connect the dots between the world of tech and start-ups, traditional industry, and the global economy. In my previous incarnations I have worked in investment banking and at the International Monetary Fund, so I also think and write a lot about economic policy issues and financial markets developments.I believe unbiased journalism is what builds a writer’s credibility so this is what I strive to achieve.

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