LTCMA 2017 Macroeconomic Assumptions
Markets, economy, stocks, growth, global, fixed income, international, asset classes
A summary of the factors driving global markets over the last month.
Trade policy is of first-order importance in a more connected world, and markets have been reacting nervously to U.S. trade disputes.
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