Markets, economy, stocks, growth, global, fixed income, international, asset classes
Last year, buybacks were all the rage; this year, the pace of share repurchases has slowed, but the pace of mergers and acquisitions (M&A) has accelerated.
In 2020, the hunt for yield is likely to continue.
Global trade tensions may continue into 2020, weighing on global growth and acting as a headwind for further equity market gains.
This greater economic stability should bolster international earnings expectations, halting the decline seen over the past 18 months.
For investors peering into 2020, it is likely that U.S. monetary policy will remain on hold for the time being.
The economic backdrop in 2019 has been characterized by weakness in manufacturing being offset by the resilience of services and health of the consumer.