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Some people offer soft predictions for 2019, merely aspiring to be directionally correct. Not Fred Wilson - who predicts the Mueller probe will result in Trump's impeachment (and resignation) in 2019, followed by a global bear market with an incremental 25% loss in value (beyond the recently selloff in Q4 2018).
I expect the combination of higher rates, uncertainty in Washington, and storm clouds globally (which we will get to soon) will cause business leaders in the US to become more cautious on hiring and investment. Consumers will make essentially the same calculations. And that will lead to a weaker economy in the US in 2019. The global picture is not much better. The eurozone is about to go through the most significant change in decades with some sort of departure of the UK from the EU (Brexit). It remains unclear exactly how this will happen, which in and of itself is creating a lot of uncertainty on the Continent. I don’t expect most businesses in Europe to do anything but play defense in 2019.
