EPS - Review Of The Current Investment Landscape - 2018 Edition

As always, we’d like to take a moment to share our assessment of the current investment landscape (please find the 2017 edition here).

While we cannot predict what may come to pass regarding the global economy or financial markets, 2018 very much felt to us like a transitional year. As it unfolded, investors were compelled to reckon with two seemingly contradictory sets of considerations. On the one hand, many fundamental macroeconomic indicators continued to post strong readings, especially in the U.S., lending itself to the rosy narrative that the global economy is in a