Azzad’s 2020 Investment Outlook Webinar
Last month, Azzad Ethical Fund portfolio manager Christian Greiner, CFA®, presented Azzad’s 2020 Investment Outlook webinar. The full recording can be watched here, but here’s a look at three of the most interesting slides in the presentation. 1) Slow and steady economic growth With this slide, Christian showed that the economy is still positive, despite negative headlines and sluggish growth. In July of last year, we passed the record for the longest uninterrupted recovery in the post-war era. It may not feel that way for a lot of people, because it’s been the slowest recovery, too. There are lots of reasons for this sluggishness–recoveries from financial crisis tend to take longer; tightness of credit may have inhibited growth in the early part of the cycle; and there has also been an uneven distribution of rewards (wealth concentrated among the rich) compared to previous recoveries. Still, due to the resilience of this economic recovery, not a lot of market observers are saying a recession is imminent in 2020. It’s looking like more slow and steady economic growth. 2) A recession will happen eventually An inverted yield curve, which is a useful predictor of recessions, happened in 2019. So, when will the