Chart of the Month
The Fed may struggle to deliver what markets expect
The market could be disappointed because it expects much more Federal Reserve (Fed) easing than the Fed actually plans to do.
Market expectations are as of December 3, 2019; Fed expectations are as of September 18, 2019 | Market and Federal Reserve expectations for Fed funds rate at end of each year. | Actual results may vary, perhaps significantly, from the forecasts presented. | Sources: Federal Reserve, Bloomberg, Wellington Management
Stat of the Month
Sources: CNBC and Factset. Based on 17 occurrences of 25%+ gains since 1928. Past performance does not guarantee future results. S&P 500 Index is a market capitalization-weighted price index composed of 500 widely held common stocks. Investors cannot directly invest in an index.
Global Investment Strategy
from Nanette Abuhoff Jacobson
Investors may want to consider neutralizing their defensive allocations and rotating exposure to more cyclical sectors.
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