Long-term Capital Market Assumptions 2017 Theme-Credit cycles
What investors should consider
Bond yields remain at or near historic lows around the world, leading to a substantial increase in the value of pension plan liabilities.
David Kelly, the Fed, interest rates
Themes and implications from the Global Fixed Income, Currency & Commodities Investment Quarterly meeting
Our Global Emerging Markets portfolio managers demonstrate why long-term investors are in a strong position to take advantage of compound earnings growth.
The S&P 500 could hit 10,000 by the mid-2030s
Modestly but steadily lower returns
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
China’s economic revolution continues to be one of the defining stories of the 21st century.