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Weekly Market Notes - December 9, 2019

Summary

The U.S. economy added 266,000 new jobs in November, well above the 188,000 that economists had expected, and provided the markets with another boost.

The factors that have driven and should continue to drive the markets in 2020 are the strength of the consumer, monetary policy, trade and the global economy.

While it is very hard to see a recession within the next 12 months with record-low unemployment and rising wages, the weak manufacturing sector and geopolitical uncertainty suggest the economy will remain in a slow-growth mode, with most economists forecasting 1.80% GDP for 2020.

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