10-year Outlook for 16 Asset Classes

Also Interesting

• Slower for longer?
• Green shoots in China
• Flows

Defensiveness Rules as Investment Cycle’s End Appears Ever Nearer

With the stock market more than nine and a half years into a bull run, and many stocks trading at considerably stretched valuations, we think this market carries considerable risk. It’s not just equities; pricing and fundamentals in parts of the fixed income markets suggest a nearing end to the cycle, too.