Here’s a Drive link with 2019 investment and market outlook reports from all the major investment houses, banks, asset managers and other financial services firms.
Some select highlights:
BAML GDP forecast
Black rates and growth forecast
We see the process of tighter financial conditions pushing yields up (and valuations down) set to ease in 2019. Why? U.S. rates are en route to neutral — the level at which monetary policy neither stimulates nor restricts growth. Our analysis pegs the current U.S. neutral rate at around 3.5%, a little above its long-term trend. See the blue line in the Getting to neutral chart. Yet uncertainty abounds over where neutral lies in the long run (gray line): Our estimate sits in the middle of the 2.5% to 3.5% range identified by the Fed.
Hunt for yield - Franklin Templeton
Overall, we think it’s important to recognize that the state of the world that investors have become accustomed to for the last decade is not going to continue indefinitely. - — Michael Hasenstab
India is still expensive on a relative basis - HDFC
NIFTY PE: 19.44 vs. BRIC PE average of 13.4
Significant dispersion in regional equity valuations - Investec
Risk hotspots - State Street
Global credit cycles - T. Rowe Price