Meet the Team

Capital Market Impact Weekly market commentary

illustration of a telescope in front of green background

Cycle Watch – September 2020

September 16, 2020

Economic data remained mostly positive through the summer months with strong job gains, a surge in housing activity and expansion signals from the business sector. But the recovery appears to be decelerating with much of the pent-up demand from the lockdown satisfied, the initial fiscal stimulus mostly sunset, and renewed virus concerns and government responses flattening mobility. Despite double-digit annualized growth forecasted for Q3, real GDP is expected to decline by 4.1 percent this year due to the COVID-19 recession. Even if the economy can maintain above-trend job gains and real GDP growth in coming years, we expect the gap created by this year’s downturn won’t be filled for at least a couple of years.

Check out and download the September Cycle Watch report here.

Review relevant client material from Nationwide


  • This material is not a recommendation to buy, sell, hold or roll over any asset, adopt an investment strategy, retain a specific investment manager or use a particular account type. It does not take into account the specific investment objectives, tax and financial condition or particular needs of any specific person. Investors should discuss their specific situation with their financial professional.

    Except where otherwise indicated, the views and opinions expressed are those of Nationwide as of the date noted, are subject to change at any time and may not come to pass.

    Past performance does not guarantee future results. Current performance may be lower or higher than the past performance shown.

    Nationwide Funds are distributed by Nationwide Fund Distributors LLC (NFD), member FINRA, Columbus, Ohio.

    Nationwide Investment Services Corporation (NISC), member FINRA, Columbus, Ohio.

    Nationwide, the Nationwide N and Eagle and Nationwide is on your side are service marks of Nationwide Mutual Insurance Company.

    © 2020 Nationwide