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U.S. Macro Forecast February 2016
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Access Level: 1
Author:
Publication Date: February-2016
Document Type: Report
Publisher: Cushman & Wakefield
Number Of Pages: 6
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Knowledge Topics:
Market Conditions
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Description:
Yet again a new year started off with significant market turbulence. We’ve
seen first quarter dips in economic activity for the last several years, and
none of them have amounted to anything more than a temporary blip. For 2016,
worries about China and oil prices caused stock markets around the world to
stumble, leaving the Dow Jones and S&P 500 both nearly 9% lower at the end
of January 2016 than they were late last year. Equity markets were a bit frothy
heading into 2016, so a pull-back, in and of itself, is not overly alarming. The
drop in equities since early December still falls within the general parameters
of a garden-variety correction. It is worth noting that the stock market is not
the best predictor of a recession. There have been 39 stock market corrections
(including bear markets) since 1950, and only 10 U.S. recessions. In fact, since
the current expansion cycle began in late 2009, there have been 10 separate
stock market corrections, and demand for real estate space remained healthy
through every single one. During ordinary corrections, demand for real estate
space does not deviate greatly from pre-correction trends.
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Keywords:
Cushman & Wakefield, February 2016, United States, Macro
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