Issue: Lower for longer, interest rates that is
Implication: Bond returns are expected to return 3.2 – 3.4% annually, in the coming years
Issue: U.S. Gross Domestic Product anticipated to be 1.75 – 2% for the foreseeable future
Implication: The U.S. will not be the world’s engine of growth in the years ahead
Issue: The world’s future economic growth will come from Asia (sans China) and Africa
Implication: Emerging Markets are likely to do well in the coming ten years
Issue: No substantial trade deal with China will happen before the 2020 election
Implication: Consumers will likely bear the brunt in the form of higher prices
Issue: Phase I trade deal may happen this year
Implication: It will help farmers but maybe only get sales back to where they were before
Issue: Three Federal Reserve rate cuts in 2019 and possibly a fourth before year-end
Implication: Quite possibly falsely juicing the stock market but not driving economic growth
Here’s to a profitable week!
