Market signals pose 'dilemma' for investors
Recognising the next generation of influential UK investors
Which asset classes will benefit?
The most resilient companies examined
Is Fed losing its independence?
Warning signs in US data
In the first half of 2019, the uncertainty surrounding Federal Reserve policy and US-China trade negotiations affected the outlook for all asset classes including global small-cap stocks.
Current US economic expansion now 121 consecutive months
US equities began 2019 with a welcome respite, reversing course from their downward spiral in December 2018.
Trade, inflation, slow growth and yield curve to blame
Headwinds expected into Q2
Rethink of asset allocation decisions needed
Market correction becoming more inevitable
Financial markets became scared at the end of last year that the US Federal Reserve's monetary tightening could precipitate the country's economy into recession.
Maintaining portfolio weightings
Bond investors spent most of last year transitioning towards a more fundamentally driven approach to selecting assets.
US stocks had a turbulent last quarter in 2018 and have been somewhat volatile since the start of this year.
Managed fund since 2017
US/China and Brexit behind selected calls
Credit fundamentals are stable
At the start of 2019 there were three main reasons to be bearish.
The most significant consideration for all investors in the US is the actions of its Federal Reserve.
Dovish Fed contributing to forecast