Because my predictions for 2018 have proven to be largely correct I have been emboldened to release my predictions for the coming year.
I correctly predicted online savings and money market rates going above 2% before October 2018, online one-year CD rates going above 2.50%, and 5-year rates going to 3.50%. I am now predicting that online savings rates go above 3% in 2019, and that 1-year rates will go above 3.50% and 5-year rates above 4.50% in 2019. The Fed is guiding that way. And, even if Trump tries to remove Jay Powell, rates will continue to move up and it is good for the country to normalize interest rates. If you follow my prediction, you will basically continue to be in savings accounts and you will not lock into CDs longer than one-year.
I also predicted the stock market’s assent and its decline, as well as the decline in bitcoin. Bitcoin is going below $1,000 and it is never coming back. The stock market will go much further down over the coming months, but it will ultimately end 2019 a little higher than where it is right now. Bond yields will climb and real estate will continue to fall. Cash in the form of savings and CD rates will match the stock market’s performance in 2019, and outperform everything except perhaps oil, gold and some other precious resources (that are all starting the year at such low bases that they have nowhere to go but up).
My 2018 prediction about the 25th Amendment was premature and based on hopeful speculation. It didn’t come to pass in 2018, but it will in 2019. Pence will also become implicated in the Mueller probe, leading to his quick resignation or impeachment. Pelosi’s elevation to the Presidency will be the impetus that causes the stock market to stop falling.
And, just like 2018, we’ll be happy and surprised at the end of the year that the country is still intact at all.
Happy New Year.
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