LTCMA 2019 Theme: Will debt be a drag?
LTCMA 2019 Theme: Smaller cycles in a trend: The growing stability of the global economy.
Markets, economy, stocks, growth, global, fixed income, international, asset classes
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