Capital Market Outlook
December 18, 2023
IN THIS ISSUE
- Macro Strategy — Macro Strategy Year-Ahead 2024 Questions and Answers: Below-trend real growth and low inflation should allow for some earnings growth in a soft-landing scenario, but there is still a reasonable probability of a recession, and geopolitical risks are simmering.
- Market View — The Premium on Resiliency and Why this Decade Belongs to America: America's share of global gross domestic product is higher than when the decade started.
- Thought of the Week — Don't Be So Negative About Positive Correlations: Stable Income Diversifies Portfolios: There are concerns that the “Equity-bond price correlation" becoming positive requires a major paradigm shift for asset allocation.