Lower global growth is likely in 2019, but recessionary fears are misplaced.
The market cycle shows no signs of ending any time soon, despite the inverted yield curve.
The U.S. Federal Reserve capitulates on raising interest rates.
Investors who reacted quickly to late 2018 volatility may be regretting their hastiness.
The market environment may seem similar, but today’s conditions are much more favorable.
We think the market may have appropriately responded to excessive expectations for U.S. growth.
In our view, rising interest rates are unlikely to kill the bull market at this point.
I didn’t anticipate the downturn in emerging markets, but my long-term outlook for EM is still positive.
Krishna Memani finds hope in the underlying trends that could support continued growth.