Prepare your finances for a recession despite strong GDP report, warn financial advisors: 'Plan for more disruption'
Dimitri Otis | Stone | Getty Images The U.S. economy grew in the third quarter, reversing a negative trend from the first half of the year — but weakness looms under the surface and households shouldn't be lulled into a false sense of financial security, economists and financial advisors said. "I think investors should still continue to be cautious ... and plan for more disruption," said Winnie Sun, co-founder and managing director of Sun Group Wealth Partners, based in Irvine, California, and a member of CNBC's Advisor Council. Gross domestic product — a sum of all the goods and services produced in the U.S. — grew by 0.6% from July through September, the Bureau of Economic Analysis estimated Thursday. That figure amounts to 2.6% growth on an annualized basis. "For the U.S. economy, a developed economy, that's very respectable, slightly above average," said John Leer, chief economist at Morning Consult, a data research company. watch now VIDEO 4:28 04...