By Mark Phelps
Investors are increasingly asking whether the macroeconomic growth cycle still exists, and, if so, where are we in it? The answers to these important questions have real implications for the way equity investors should think about their portfolios.
AllianceBernstein's global economists recently downgraded their growth forecasts for next year. But while the softer outlook suggests that economies and financial markets will be more vulnerable to the many risks they face, we continue to think a significant recession is unlikely.
For some investors, this is just the problem. It's been 10 years since