What will 2018 have in store?
2018 predictions, presented by pundits, prognosticators, and purveyors of portentous philosophy, peering into their proverbial palantirs and presenting their prophesies. Herein, Savvy Investor has gathered a second round of Investment Outlook documents, projecting into 2018 and beyond. Please feel free to peruse and apply your perspicacity.
And in case you missed the first round, a link to our previous list of papers has also been provided. Enjoy!
2018 Global Market Outlook (SSGA)
Global growth is now more evenly distributed, inflation remains muted, and the coming year should be supportive for risk assets. SSGA's Global Market Outlook discusses these key themes and other topics as we look forward into 2018.
Global Market Outlook for 2018 (William Blair Investment Management)
In 2017, low inflation and broad growth created a nearly perfect environment for equities. Sales of art and luxury goods seem to indicate a late-stage economic cycle, yet other market-related themes point towards the beginning instead.
2018 CIO Investment Outlook (Legal & General IM)
(For compliance reasons, this paper NOT accessible in the USA or Canada)
In this paper, Legal & General Investment Management's CIO Anton Eser considers the investment outlook for 2018. He focuses specifically on the consequences of monetary tightening.
JP Morgan Quarterly Guide To The Markets - Q1 2018
The latest JP Morgan quarterly "Guide to the Markets" is a bumper 80-page report, packed with charts and tables, illustrating global economic trends, and examining the key drivers of equity and fixed income markets for the period ahead. The accompanying "quarterly perspectives" report is a "guide to the guide".
Investment Outlook 2018: The Tide is High (BNP Paribas AM)
The tide is high. Accommodative central bank policy post-2008 sent a flood of liquidity washing through global asset markets, which, along with economic growth in 2017, has provided a favourable environment for risk assets.
Outlook 2018 - How much further can this bull run? (Deutsche Asset Management)
(For compliance reasons, this paper is only accessible in the UK)
In their quarterly CIO View document, Deutsche AM is confident about the world economy as we head into next year. Indeed, at the moment, despite risks of temporary setbacks, investor, consumer, and corporate expectations are all high.
Exit door scenarios: How to guard against rising correlations (Fidelity)
(For compliance reasons, this paper is only accessible in the UK & Europe)
In a downturn, uncorrelated asset classes can become highly correlated. To ensure portfolios remain diversified and uncorrelated to risk assets in a late cycle stage, investors can use short futures, pair trading, or other alternatives.
Global Investment Outlook 2018 (BlackRock)
In 2018, BlackRock believes that investors will still be compensated for taking risk, but will receive lower rewards. With less room for upside growth surprises to lift markets, the Fed will slowly march toward normalization.
Top Risks 2018: China loves a vacuum (Eurasia Group)
This 25-page report by Eurasia Group explores the top geopolitical risks facing the world in 2018, and their effects on the global economy and investment.
2018 Investment Outlook (Wellington Management)
The Wellington annual Investment Outlook discusses issues that will influence markets and portfolios in 2018, such as - central bank policies, rich valuations with tenuous fundamentals, and a potential new upcycle for commodities.
Five-Year Outlook 2018-2023 (BMO Global Asset Management)
Themes covered in this report include: the outlook for the global economy; demographics and the supply of labor; populism; globalization; and technological innovation.
2018 Economic and Market Outlook: Risk On (Nuveen)
In the coming year, public and private investors will have to work harder, seek an information edge, and potentially take on greater amounts of risk.
Vanguard economic and market outlook for 2018: Rising risks to the status quo
This report by Vanguard aims to describe how asset allocation decisions of a strategic nature are affected by forecasted long-term return distributions, along with rationales for the probabilities and ranges of possible outcomes.
2018 European Property Market Outlook (AEW Research)
This Moody's report provides a helpful overview of the key factors likely to affect the asset management industry in 2018. Despite possible changes, the fundamental challenges to the industry are expected to remain.
Byron Wien Announces Ten Surprises for 2018 (Blackstone)
Byron Wien, of Blackstone, describes his views on several economic, political, and market-related surprises for the upcoming year.
Global Investment Outlook 2018 - Part One
Thirsty for more predictions? Check out the first round of Investment Outlook 2018 papers that the Savvy Investor Team gathered in early December.