- Our research partners recommend focusing less on geopolitics and more on economic fundamentals to better position your portfolio
- Our analysts advise paying attention to earning investment yield, instead of looking for higher equity prices
- Given an uncertain global outlook, our strategists continue to recommend holding a slightly reduced equity allocation
While it’s too early to say that trade drama is over, this month we examine other key variables shaping our outlook:
- Within the US economy, signs of improvement in manufacturing and investment have been accompanied by some worrisome consumer data
- On the corporate earnings front, we expect US profits to modestly bounce back next year, but forecasts for earnings in other areas of the world look too optimistic
- While monetary policy will likely continue to limit recession risks, we don’t expect sufficient fiscal stimulus to move markets much higher.
Our CIO colleagues continue to watch for trade and Brexit deals to be finalized and wait for signs of sustainable strength in the global economy before taking more investment risk.
Join us for our special UBS House View live conversation Thursday, November 7 at 1 p.m. ET.* You’ll hear practical investment advice and portfolio strategies for the current environment.
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