How can investors take advantage of changes in the private credit market?
The U.S. Federal Reserve faces reality and decides to pause on raising interest rates.
Slower U.S. economic growth and sound policy could help extend this already prolonged cycle.
Investors who reacted quickly to late 2018 volatility may be regretting their hastiness.
Investors should focus on U.S. Federal Reserve policy, not quantitative tightening.
U.S. growth diverged from the world in 2018. In 2019, it will likely converge.
Negative years are rare but there’s little to suggest larger problems loom.
We expect 2019 to be a year of Chinese and emerging market equity leadership.
Hopes that rate and trade policy issues have been resolved may be premature.