This year’s annual outlook is inspired by Charles Dickens’ A Tale of Two Cities. We expect the economic expansion to last a little longer, and the equity bull market to enter the last leg of a near decade-long climb. Based on expected global GDP growth, company earnings, and the relative value of equities compared to other assets, there is definitely a case for a prolonged period of tailwind for investors.
But what if earnings and GDP growth stall earlier than we expect and the recession does hit in 2020? Should we also brace ourselves for the alternative outcome – a scenario in which markets are sent spiraling during the course of next year?
BY CLICKING ON “I AGREE”, I DECLARE I AM A WHOLESALE CLIENT AS DEFINED IN THE CORPORATIONS ACT 2001.
What is a Wholesale Client?
A person or entity is a “wholesale client” if they satisfy the requirements of section 761G of the Corporations Act.
This commonly includes a person or entity: