Tougher Times For Investors Ahead – October 28, 2019



Tougher Times For Investors Ahead

We have examined the prospects for another upleg in global equities and the stock/bond ratio within the context of an investment cycle that is in its late stages. The latter is critical, as it means that downside risks are increasing relative to the upside price potential in stocks. We concluded that investors needed to maintain a shorter-than-usual investment time horizon.

Balanced portfolios of equities, long-term government bonds, credit, cash and commodities will likely deliver middling real returns over the coming decade.







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