SFY - Equity Outlook: Between Optimism And A Hard Place In 2020
By Sharon Fay, Christopher Hogbin
Global stock markets rallied in 2019, defying political and macroeconomic uncertainty. Will investors be as fortunate in 2020? Since many risks remain, maintaining style diversity and finding investing themes that are detached from volatility drivers will be important ingredients for equity allocations.
Investors will look back on 2019 as a curious year for stocks. After a sharp correction at the end of 2018, the MSCI World Index went on to rally by 27% in local currency terms. But looking at 2019 in isolation is misleading. In fact, stocks have been