The Weekly Skim for Investment Professionals & Financial Advisors
December 31, 2018 New Year's Eve Special Issue
2019 Investment Outlook Database Thanks to @DAG_Investments you can access over 60 reports from various institutions discussing the current investment environment. Access now.
Key takeaways:
- Animal spirits fading (Charles Schwab)
- Long beverage companies and utilities (Fidelity)
- Global growth slowing (Goldman Sachs)
- S&P 500 bull case 3,000 and bear case 2,400 (Morgan Stanley)
- Top Pick: Alibaba $BABA (Raymond James)
History of Bear Markets "There are no rules for how the market bottoms. Stocks go down a lot, and then they keep going down more until they stop going down, and then they go up, sometimes a little and other times a lot." - Michael Batnick
Every Economic Cycle is Different “I hate to break it to you, but it’s not 1994, ‘95. It’s pending 2019. Every single point in time is different.” - Kieth McCullough, CEO of Hedgeye
Emerging Markets Expected to Outperform in 2019 (for Real This Time) Goldman, in particular, sees attractive return potential for EM assets in 2019, particularly in currencies and equities, which it expects to be unleashed by improving growth.
Based on Goldman’s estimates of fair value, EM currencies are undervalued by 12% and 23%, when aggregated using the MSCI EM and GBI indexes, respectively.
The Single Best Piece of Advice for RIA Firms in 2019
9 predictions for financial advisers for 2019
1. The rise of national firms/brands
2. The emergence of specialized firms
3. Talent grab
4. Increased M&A activity
5. Downside risks: technology and bear market
6. Changes in RIA ecosystem
7. Rise of AI and machine learning
8. TAMPs win
9. More RIA IPO's
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