Next year we expect the markets to have two faces. The bright economic picture is expected to be overshadowed by concerns that this long bull market will soon end; think rising interest rates, protectionism, Italy, Brexit. Investors would be well-advised to prepare for these concerns becoming reality.
We see opportunities as well, though. The bull market of the last few years has caused a number of noticeable divergences within asset classes. We highlight some of them in this outlook, as we think that these will offer good investment opportunities in 2019.
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