February 11, 2020
For most investors, the last decade was like a nice walk along a wooded and scenic trail that ended with double-digit equity returns for 2019. Those results, which were unexpectedly robust for holders of U.S. equity, were supported by four strong pillars: continued global economic growth, accommodative monetary policy, substantial share buyback activity and a booming technology sector. Now, as we enter the new decade, most of those features appear to still be in place. However, numerous challenges still exist in the investment landscape, and investors would do well to stay vigilant.
Learn more about our global macroeconomic views and near-term performance expectations for specific asset classes.
Over the next 12 to 18 months, we expect*:
*The views represented for each of the asset classes are relative to our 10-year capital market assumptions.
If you’d like to discuss the Outlook, contact us.
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