CHICAGO—The stock market recently suffered two of its largest point declines in history, a volatility that certainly caught the attention of everyone in commercial real estate. Many have been on the lookout for any sign or occurrence that the long but steady recovery has come to an end. However, the market was also quite volatile during 2016, and the economy sailed through that turmoil unscathed.
“In many ways, we are back in 2016 territory,” Revathi Greenwood, head of research for the Americas at Cushman & Wakefield, tells GlobeSt.com. And just as in 2016, we are seeing a wildly swinging market paired with a strong economy.
Greenwood points to data from Thomson Reuters, which show 294 S&P 500 companies have reported fourth quarter figures to date, and 77.9% have reported earnings and 80.1% have reported revenue above analyst expectations. In addition, the economy has created jobs at a relatively good pace and consumer confidence remains high. “The fundamentals are really quite strong these days.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
