Catherine Kress: For the past decade, as we've formed our year-ahead investment outlooks, we've been able to agree that the business cycle will keep going. That the bull market will keep running. And that's been true year after year. And in the short term, this looks like it will continue to be the case. The global economy is still growing, interest rate cuts globally have provided a helping hand, and in the U.S., consumers are still going strong.
But the range of outcomes is growing and unusually wide. Longer-term, structural dynamics are brimming beneath the