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Happy New Year and Happy New Decade! What will the 2020s bring? As J.P. Morgan famously said: \u201cStocks will fluctuate.\u201d  In 2019 they fluctuated mostly higher and the U.S. was still the place to be. Tech giants such as FANG\u2019s Facebook, up 56%, Google\u2019s parent Alphabet, up 29% and Amazon.com up 23% propelled the NASDAQ 35% higher. The S&P 500 rose nearly 27% and the Dow Jones Industrials advanced over 22%, all trading in record territory.

It was pretty much a year for stocks all over the world, which is, of course, bringing the doomsayers out in droves. An excellent article on the front page of The Wall Street Journal\u2019s Year-end Review & Outlook section is a good example. It\u2019s titled: \u201cJapan\u2019s Lost 30 Years Give Pause To Those Looking at The U.S.\u201d

What are the stories propelling economies and markets in 2020 and the decade going to be? It\u2019s a podcast conversation we had with Nobel Laureate economist Robert Shiller about how important powerful narratives driving the economy are.

WEALTHTRACK #1627 published on January 03, 2020. More info at: https://wealthtrack.com/nobel-laureate-robert-shiller-explains-his-theory-of-narrative-economics-how-powerful-stories-influence-the-direction-of-the-economy/