Directional Wealth Management Company Overview





From the desk of Jim McCarthy, CFP®, ChFC®

June 2019 Monthly Outlook - Business Cycle in the Late Stage

The global economy is entering into a mature / late cycle stage. We see continued solid, albeit slower, growth in the US, improvement in China, low inflation in most developed countries, and a pivot towards more fiscal stimulus and more accommodative monetary policies around the globe.  Historically, late-cycle phases have ranged from 9 months to more than 2 years.  The near-term risk of recession remains low, but the outlook for 2020 is less certain.


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