All Posts Tagged: emerging markets
As recently as September when U.S. stocks were hitting new record highs, economic optimism was rampant and, in retrospect, probably overdone.
In my view, the markets are once again overreacting.
For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Dec. 14.Key observations:
- Yes, the global economy is in what appears to be a synchronized slowdown.
- Tighter monetary policy and financial conditions, fading fiscal stimulus, and slowing global growth will all conspire to slow down the economic freight train that has been the U.S. economy this year.
- We forecast another quarter-point rate hike from the FOMC next week, bringing the fed funds target rate to a 2.25% to 2.50% range.
- A recession may come by sometime in 2020, but this episode of market volatility isn’t it.
The troubles in emerging markets have been brought to the fore over the last few months as issues in Turkey have worsened and South Africa has entered a recession.Read More ›
The economic gap between developed and emerging economies seems to be widening, and it may not bode well for global growth prospects.Read More ›
Rates are back on the march as the 10-year Treasury yield approaches the 3% mark for the fourth time this year.Read More ›