SFY - For 2020 Buy Early
After an astounding 2019, what's in store for 2020? Russ discusses.
We will miss 2019. While 2018's odd confluence of a weakening economy, rising trade frictions and monetary tightening led to losses in virtually every asset class, this year has been the exact opposite. Monetary stimulus, economic stabilization and an erratic but ultimately successful reduction in geopolitical risk produced a stellar year for risky assets (see Chart 1).
Next year is unlikely to be a repeat, but I don't expect a return to the challenges of 2018. Looking ahead to 2020, here are three predictions