Nine Key Investment Themes for 2019
By
👤BlackRock
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2019’s Investment Regime Will Likely Be Influenced Early On by Two Major Factors Coming from Policy Circles
While predicting the course of markets for the year ahead is always a nearly impossible task, it is likely to be particularly challenging this year, since markets are likely to remain volatile and their path will largely be determined by critical decisions made by policy makers. Those decisions include: the evolution of rate and liquidity policy by the Federal Reserve, and potential trade and spending agreements reached (or not) in Washington. We think that 2019 will play out with the Fed relenting on its tightening path and pausing its rate hiking (and perhaps even adjusting its balance sheet tightening), as it responds to tighter financial conditions, tighter liquidity and weakening in the interest-rate sensitive parts of the domestic economy. On top of that the Fed also will be watchful of the slowing we’re witnessing in the global economy. Simultaneously, the decisions emanating out of Washington on such critical issues as U.S./China trade policy, fiscal spending, immigration reform, and broader political risk will likely continue to drive risk and risk-free rates over the coming weeks and months.
By
👤BlackRock
