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Capital Market Outlook

December 18, 2023


  • Macro Strategy — Macro Strategy Year-Ahead 2024 Questions and Answers: Below-trend real growth and low inflation should allow for some earnings growth in a soft-landing scenario, but there is still a reasonable probability of a recession, and geopolitical risks are simmering.
  • Market View — The Premium on Resiliency and Why this Decade Belongs to America: America's share of global gross domestic product is higher than when the decade started.
  • Thought of the Week — Don't Be So Negative About Positive Correlations: Stable Income Diversifies Portfolios: There are concerns that the “Equity-bond price correlation" becoming positive requires a major paradigm shift for asset allocation.

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