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Capital Market Outlook

May 26, 2020

IN THIS ISSUE

  • Macro Strategy— Going from “Wait and Watch" Stage to a “Path Forward" Stage — As clarity emerges on the nature of this bear market (structural, cyclical, or exogenous), we see that it may ultimately lead to a “Path Forward" and establish new trends.
  • Global Market View— China's Recovering Economy and Rising Market Risks — The potential for new tensions to interrupt China's growth rebound and market recovery could cause emerging markets to lag further over the period ahead.
  • Thought of the Week— Bottoming in Energy Sector Considered a Bright Spot for Markets We may not be at the beginning of the end but we are hopefully at least at the end of the beginning.

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