Markets, economy, stocks, growth, global, fixed income, international, asset classes
2019 was a good year for equities as multiple expansion drove stock markets to new all-time highs.
A new way for our institutional investors to access and customize J.P. Morgan's intellectual capital.
We emerged with a cautious near-term view from our latest quarterly strategy meeting in early September. In our base case scenario, the global economy is expected to narrowly avoid recession and continue to grow, albeit much more slowly.
The economic backdrop in 2019 has been characterized by weakness in manufacturing being offset by the resilience of services and health of the consumer.
Learn more about J.P. Morgan’s views on fixed income, the economy and markets.
We cut the chances of recession to 25% after a thaw in the trade war and a year of rate cuts; our forecast is for sub trend growth. Favored sectors include emerging market local currency debt and higher rated short-duration securitized credit.
The paper discusses the pportunities and risks that institutions should consider when investing in China’s A-Share and private equity markets.