Providing timely updates and perspectives on the economy and financial markets.
Weekly Market & Economic Update | 02.11.19
While trade and budget talks dominate headlines, data points to softer global economic activity. That is likely to weigh on stock market earnings growth for the rest of 2019, despite a solid fourth quarter in 2018.
As we look ahead to 2019, prospects for the coming year look a bit less clear than has been the case in recent years.
The Federal Reserve left interest rates unchanged, following weak economic data.
The overall capital market landscape remains turbulent, with major domestic and international indices marking new lows for 2018.
Our positioning remains neutral, with a cautious bias on the high-yield category (which includes bank loans, as growing risks in the loan market warrant caution, despite strong recent performance.