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Komfie Manalo, Opalesque Asia: The emergence of a late-cycle economy in the U.S., the mystery of inflation and growth from a domestic and global perspective, and the potential for alternative investments to prosper against a backdrop of rich valuations, low yields, and higher volatility are the three themes that will likely dominate this year's market, said family office Wilmington Trust .
"As we began our annual reading of the economic tea leaves, the dominant question was whether the bull marathon will finally take a breather," said Tony Roth, chief investment officer for Wilmington Trust Investment Advisors, Inc. in Wilmington's Capital Markets Forecast for 2018 titled Global Positioning Systems: Recalculating in Light of Detours, Bumps, and Blind Spots. He added, "Based on our analysis, we believe the economy will continue to grow in 2018, so the bear will slumber for another 12 months or longer."
Roth said this cycle continues to defy historic trends. Yet, despite the continuance of paradoxical market factors, "we expect organic economic growth of 2.25 percent, with the potential of additional lift from tax reform." Adding in the manufacturing sector recovery and favorable credit conditions on the back of weak inflation, Wilmington "sees little reason to expect a turn for the worse."
The U.S. economy: late-cycle emergence
The omission of inflationary pressures throughout th...................... To view our full article Click here
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