Fourth Quarter 2016 Economic and Market Outlook
October 6, 2016
Updated estimates now call for Q3 2016 to be another down quarter for composite corporate earnings. Analysts are banking on a strong Q4 to push full-year 2016 positive. They have some reason to be optimistic. Q4 is all about consumer spending, and conditions are ripe for people to spend, spend, spend this year. In favor of a strong consumer, we have low unemployment, low gasoline prices, low interest rates, and low levels of household debt.