Need to Know: ‘Hold the epitaphs’—this aging economic cycle has another year left, says strategist [MarketWatch]
JP Morgan Chase & Co. (JPM)
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Source: MarketWatch
‘Hold the epitaphs’—this aging economic cycle has another year left, says strategist Investors are basking in some relief after the Federal Reserve indicated interest rates probably won’t go up in 2020, at least for now . Alas, there are other loose ends to tie up as the year winds down, such as trade—we still don’t know if Sunday’s China tariffs will go ahead. A lingering risk for some—Brexit—may finally see movement as the U.K.’s General Election gets under way. Onto a cheery call of the day —after all, it’s the holiday season. “Hold the epitaphs—this aging [economic] cycle seems likely to last beyond 2020,” says asset manager Russell Investments in its 2020 global outlook. To be sure, Wall Street is getting more comfortable with the idea that a U.S. and global recession could be averted next year, thanks to some better-than-expected data. Andrew Pease, global head of investment strategy at Russell Investments, tells clients that central bank easing, a de-escalating trade war and po
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