We see challenging crosscurrents ahead. Macro uncertainty is rising amid geopolitical frictions, and asset prices are up. Yet monetary policy has pivoted toward easing and many risk asset valuations still look reasonable. This leads us to lower our growth outlook and become modestly more defensive while still favoring selected risk assets. We are downgrading our growth outlook as trade disputes lead to a wider range …
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source https://thebtrader.com/2019/07/09/an-overview-of-our-midyear-outlook/?utm_source=rss&utm_medium=rss&utm_campaign=an-overview-of-our-midyear-outlook
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