Capital Market Outlook
January 8, 2024
IN THIS ISSUE
- Macro Strategy — Policy Committed to Stronger Growth: Faster trend nominal growth implies a higher interest-rate environment than that of the prepandemic “savings-glut" era.
- Market View — Are the Markets Really Impervious to Geopolitical Risks: Investors should not be lulled into thinking that the major geopolitical events of today are inconsequential or trivial to assets and market returns.
- Thought of the Week — Clean Energy Needs Hard Hats…Literally: In both the U.S. and abroad, the key—or foil—to the green transition will likely be workers.