Markets & Economy

Webcast: 2018 Midyear Market Outlook

June 21, 2018
Watch our financial experts discuss their views the next 6 months as they consider the possible slowing of momentum in Europe and Japan, and the potential for renewed volatility.

Key Points

  • Earnings growth has been strong and underlying trends are positive, but peak levels likely were achieved in the first half of the year.
  • Asset classes appear relatively expensive in most global regions. But higher Treasury yields have improved U.S. credit valuations in an absolute sense.
  • Relatively tame inflation is enabling the U.S. Federal Reserve to pursue a moderate course of rate hikes. But U.S. dollar appreciation is creating headwinds for emerging markets.
  • Worries about populist policies could contribute to market volatility. A trade war between the U.S. and China could do significant global economic damage.

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