Chief Economist & Strategist
We see US profits falling 4% in 2020 as slower growth and higher wage costs hit companies’ profit margins. But we have modelled a range of alternatives - and charted the potential impact.
Our inescapable truths are the economic forces and disruptive forces we think will shape the investment landscape over the years to come.
Snapshot: The US central bank’s more dovish stance has been welcomed by markets. We forecast another rate rise this year if activity picks up as expected.
We discuss three themes that will shape market performance in the coming year, as well as four events that could take investors by surprise.