THE INVESTMENT OUTLOOK FOR 2019: MID-YEAR UPDATE
Historically, an inverted yield curve has been a useful indicator of recessions. However, quantitative easing may have distorted that signal.
Emerging market equities are inherently volatile. But investors shouldn’t be deterred. If investors have a long time horizon, the emerging markets are expected to pay returns well in excess of developed market equities.
Like summers, economic expansions do not last forever. The US recovery is now the second longest on record. There is nothing to suggest it will end in the near future, so the broad prognosis for risk assets remains good. But we know that—like weather fore