VISION

2019 Global Market Outlook:
The late-late cycle show

U.S. Federal Reserve tightening, trade wars, China uncertainty, Italy and Brexit imply 2018’s volatility should continue into 2019. Our models indicate the U.S. recession danger zone is 2020, which gives equity markets some upside. But late-cycle risks are rising.

 

Market views

Market cycle of emotions

When things are great, we feel that nothing can stop us. And when things go bad, we look to take drastic action.

View
Site preferences