Still Comfortable Being Uncomfortable

T. Rowe Price
By January 14, 2020 09:35

Still Comfortable Being Uncomfortable

The era of micro cycles and disruption is set to continue in 2020.

Equity markets continue to fascinate and surprise, with the one constant being a backdrop of uncertainty, driven by a cycle that keeps defying “the rules.” 

Expectations of reflation and recovery, spurred on by U.S. tax cuts in 2018, quickly faded into a gloom of anticipated recession by mid‑2019, creating extreme investor positioning and especially in the valuations of defensives and cyclical stocks. Just as consensus fixed on trade and economic “crisis,” optimism was once again rekindled by a soothing policy response. The net outcome of this “cycle in a calendar year” is that global equity markets (measured by the MSCI All Country World Index in U.S. dollars) delivered +27.3%.1 Quite some rebound from the panic in December 2018.

 

T. Rowe Price
By January 14, 2020 09:35

Search

Featured Events & Webinars

  1. Alpha Research – Hybrid Investment Meeting – US Elections

    August 25 @ 15:00 - 17:00

Twitter

"De publicatie van de 2e #kwartaalcijfers van banken is in volle gang. Een spannende periode. Deze cijfers gaan ons namelijk meer inzicht geven in de impact van de Corona crisis op de ..." -> https://www.opiniopro.com/2020/07/achmea/thema-de-staat-van-banken-in-corona-tijd-voldoende-buffers/

"The #downturn in financial markets as a result of the #coronavirus crisis reached a turning point in March. Since then, markets have recovered strongly, with a #recovery of ..." -> https://www.opiniopro.com/2020/08/aegon-asset-management/impact-loans-with-government-guarantees/ #fixedincome #ri

"One important focus of our teams
is finding #secular #growers—
companies that are leveraging
#technology either to take share away from ..." -> https://www.opiniopro.com/2020/07/t-rowe-price/deferred-growth-companies-pose-intriguing-opportunities/

"After a bumper few months for #equity markets, a recent report1 from Calastone, the #global funds network, showed June was one of the worst months on record for #outflows from ..." -> https://www.opiniopro.com/2020/07/financial-partners/how-flow-can-you-go/

"The global COVID-19 pandemic brought disruption to voting season across Europe, North America and Japan. Companies struggled to ..." -> https://www.opiniopro.com/2020/07/axa/2020-proxy-voting-season-review-beyond-business-as-usual/

Load More...

Search on date

January 2020
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031