Cliff Notes - Off to The Races
January 16, 2020
In This Week's Update:
- Markets are off to the races in 2020, continuing gains from last year on the strength of technology and industrial stocks.
- Risk assets responded positively to the quick de-escalation of recent US & Iran tensions, but they stand as one of the key geopolitical risks as we enter 2020.
- We see global growth stabilizing and gradually picking up over the next six to 12 months, thanks in part to easy financial conditions.
- Strategic competition between the U.S. and China, especially in tech, is likely to persist despite the signing of a limited “Phase 1” trade deal and the US removing the “currency manipulator” label.