2020 Market Outlook 2020 Market Outlook http://www.federatedinvestors.com/static/images/fhi/fed-hermes-logo-amp.png http://www.federatedinvestors.com/daf\images\insights\infographic\piggy-bank-2020-small.jpg February 10 2020 February 10 2020

2020 Market Outlook

What industry money managers are thinking about stocks and the economy as a new year gets underway.
Published February 10 2020
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2020 Market Outlook infographic alt text Infographic published February 10, 2020. Title: 2020 Market Outlook Industry money managers’ outlook for 2020 U.S. equities. 42 percent are neutral. 27 percent are bullish. 31 percent are bearish. Industry recession predictions. 11 percent predict first half 2020. 25 percent predict second half 2020. 33 percent predict 2021. 14 percent predict 2022. 14 percent predict after 2022. Federated Hermes’ recession prediction outlook. We see a recession in mid-2021 at the earliest. Information sources for this graphic included: Barron’s, 2019; Federated Hermes, Inc., 2020