This is the latest update to Segal Rogerscasey Canada's 2014 Investment Outlook, which described the firm's position on four broad investment classes: equities, interest rates and fixed income, alternative investments and commodities.
This update is based on an assessment of the economic environment and data after the second quarter (Q2) of 2014. It includes a revised table listing developments in the U.S., non-U.S. developed and developing economies as well as additional influences that Segal Rogerscasey Canada believes are positive and negative for investors. It also updates the Summary of Views table from the 2014 Investment Outlook, indicating which of the firm's views have changed.
The Q2 update, "1-800-POTHOLE," uses the analogy of potholes that are left by a harsh winter to discuss the continuing economic challenges faced by investors following the 2008 global financial crisis:
Now, over five years on, the vehicles are rolling again, but continue to break through the smooth asphalt, creating bumps and holes that take their toll on drivers and passengers. The central bankers and government policymakers dutifully place their orange barrels and attempt to keep ahead of the number of potholes, but there is a concern that there may not be enough patching material or that another winter will come sooner than expected.
There will be quarterly updates to the 2014 Investment Outlook throughout 2014.