Multi-Asset Perspectives

Graph in Magnifying Glass

U.S. Economy Shifting into Higher Gear in the New Year

We believe the growth slowdown outside the U.S., which began in 2018, is abating; economic growth is reaccelerating and global equities are at an inflection point.

City at Sunset

Good Tidings for Investors Heading into Year-End

After a tremendous run in equities and more than a decade without a U.S. recession, we expect muted, albeit positive forward returns.

Globe on Puzzle

Fed Hopes Third Time is the Charm, as Global Growth Shows Improvement

Global monetary policy easing is beginning to revive manufacturing, lowering the risk of a U.S. recession within a year. We therefore retain a modest overweight to stocks.

Good Tidings for Investors Heading into Year-End

January 3, 2020

After a tremendous run in equities and more than a decade without a U.S. recession, we expect muted, albeit positive forward returns. Our portfolio overweight to equities continues to be fortified by high-grade fixed income.

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Hopes Hang on Healthy Consumers

September 17, 2019

U.S consumers have stayed resilient despite faltering manufacturing activity and trade-war hindrances; we think corporate profits will hold up better than expected.

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Geopolitical Concerns Rise, Stocks Fall

June 25, 2019

Global and U.S. earnings revisions are turning up. We look for stabilization of the U.S. dollar, credit spreads and China’s economy as signals of sustainable future earnings growth.

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