Editor's Note: Michael's paid-up Nova-X Report readers got a briefing on four huge tech catalysts for next year, plus even more great research recommendations to play them. (Click here to learn how to subscribe.) We'd like to share two of the biggest with you today. Here's Michael…
The other day I ran into a friend of mine, Mark, at the athletic club we frequent.
As we chatted, the subject of our conversation naturally shifted to the investing climate for 2019 – something I've been thinking about a lot lately.
So I started regaling Mark with stories about some of the exciting advances that will drive not just high-tech stocks higher, but the overall U.S. economy.
Then suddenly, Mark paused and asked, "Yeah, but aren't we going to have a recession next year?"
Now, I'm sharing this anecdote with you because I've been hearing a lot of people use the dreaded "R" word these days. I've lost track of how many times I've seen predictions of a recession in 2019. In fact, some of those predictions go all the way back to at least 2016, making this a bit of a cottage industry.
Most of these dire predictions have been based on simple calendar math, rather than the fundamentals.
Fact is, we will mark the 10th anniversary of the official end of the last recession in June. So, many pundits are predicting that we are bound to have another one in 2019, simply because the average period between these kinds of downturns is 6.5 years.
But the so-called experts are glossing over some very important economic data that I believe show we are not likely to have two quarters in a row of negative GDP in 2019 – the official definition of a recession.
About the Author
Michael A. Robinson is a 35-year Silicon Valley veteran and one of the top technology financial analysts working today. He regularly delivers winning trade recommendations to the Members of his monthly tech investing newsletter, Nova-X Report, and small-cap tech service, Radical Technology Profits. In the past two years alone, his subscribers have seen over 100 double- and triple-digit gains from his recommendations.
As a consultant, senior adviser, and board member for Silicon Valley venture capital firms, Michael enjoys privileged access to pioneering CEOs and high-profile industry insiders. In fact, he was one of five people involved in early meetings for the $160 billion "cloud" computing phenomenon. And he was there as Lee Iacocca and Roger Smith, the CEOs of Chrysler and GM, led the robotics revolution that saved the U.S. automotive industry.
In addition to being a regular guest and panelist on CNBC and Fox Business Network, Michael is also a Pulitzer Prize-nominated writer and reporter. His first book, "Overdrawn: The Bailout of American Savings" warned people about the coming financial collapse - years before "bailout" became a household word.
You can follow Michael's tech insight and product updates for free with his Strategic Tech Investor newsletter.