Investment directions
Also Interesting
Fall 2018
Looking past political gridlock in the U.S. With the U.S. midterm elections behind us and producing widely expected results, we anticipate political gridlock but few long-term market implications for now. Instead, investors can return their focus to fundamentals. Still, markets are likely to be more like a ground game, and less the long bomb. Our base case still sees strong U.S. growth underpinning the global expansion, and U.S. earnings continuing to impress. The divided government means a number of sectors are in focus, including defense, healthcare and infrastructure.