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SPTI - Recession Angst Vs. Recession Realities: Fixed Income Outlook 4Q19
SPDR® Portfolio Intermediate Term Treasury ETF
RECESSION ANGST VS. RECESSION REALITIES
Global growth have been at the center of investor worries, but in some geographies, this is currently more a function of anticipation than hard data. Looking into the fourth quarter of 2019, we would break the world into two groups. Europe and some major emerging markets are seeing weak growth that feels like recession, while the U.S. and other major countries are more at risk of confidence shocks that could overwhelm reasonably strong fundamentals. With our continued overall expectation of a global soft landing, we provide details on our investment