All Posts Tagged: emerging markets

U.S. Outlook: Market fears of near-term recession overblown

Scott Anderson
Chief Economist

As recently as September when U.S. stocks were hitting new record highs, economic optimism was rampant and, in retrospect, probably overdone.

Busy work environment with stock traders concentrating on their computers.In my view, the markets are once again overreacting.

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Dec. 14.

Key observations:
  • Yes, the global economy is in what appears to be a synchronized slowdown.
  • Tighter monetary policy and financial conditions, fading fiscal stimulus, and slowing global growth will all conspire to slow down the economic freight train that has been the U.S. economy this year.
  • We forecast another quarter-point rate hike from the FOMC next week, bringing the fed funds target rate to a 2.25% to 2.50% range.
  • A recession may come by sometime in 2020, but this episode of market volatility isn’t it.

Read my full report.

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Investment Insights: Volatility rears its head again

Wade Balliet
Posted by Wade Balliet
Investment Strategy
Colorful Riyadh skyline at dusk.

The troubles in emerging markets have been brought to the fore over the last few months as issues in Turkey have worsened and South Africa has entered a recession.

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Investment Insights: A little less synchronized

Wade Balliet
Posted by Wade Balliet
Investment Strategy
Outdoor, temporary market in Argentina with rugged mountain range in the background.

The economic gap between developed and emerging economies seems to be widening, and it may not bode well for global growth prospects.

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Investment Insights: Running in place

Wade Balliet
Posted by Wade Balliet
Investment Strategy
Sideways closeup of electronic display of currencies with red arrows showing decreases.

Rates are back on the march as the 10-year Treasury yield approaches the 3% mark for the fourth time this year.

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Investment Insights: In the black after Labor Day

Wade Balliet
Posted by Wade Balliet
Investment Strategy
Urban skyline in Canada, with Canadian flag in a corner of the scene

The trade war between the U.S. and its northern ally, Canada, got frostier this week.

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