While tariffs remain a concern, the key issue is the degree—which we deem moderate—of U.S. recession risk. The current global backdrop makes the U.S. dollar unlikely to strengthen. Earnings growth expectations are modest, valuations are undemanding
Trade policy is of first-order importance in a more connected world, and markets have been reacting nervously to U.S. trade disputes.
Dovish central bank policy over 2019 pushed yields lower in fixed income markets, reigniting the hunt for yield.
A summary of the factors driving global markets over the last month.
A broad overview of our 2017 Long-Term Capital Market Assumptions
What to expect in the next 15 years.
Executive Summary. Prolonged period of delevraging could mean low interest rates; subdued growth.
Full 62-page report with analysis of all asset classes.
Time-tested projections for resilient portfolios
Key findings from the Multi-Asset Solutions Strategy Summit