Weighing The Week Ahead: 20/20 Visions
By Jeff Miller
The economic calendar is especially important. Several housing reports, JOLTs, and the final estimate for Q3 GDP lead the list. Despite this, I suspect a powerful draw from the Gregorian calendar. It is time for those annual forecasts! You will see many of them, so the right question is:
Whose vision of the year ahead is 20/20?
JP Morgan Chase’s 2020 outlook features the Great Rotation. Top global analyst Nikolaos Panigirtzoglou led a team that examined the mid-cycle rate adjustment thesis. (MarketWatch)
But JP Morgan also see the stars aligning for a powerful “Great Rotation II” into stocks from bonds in 2020, after investors pulled some $203 billion out of global equity funds this year and plunged some $789 billion into bond funds.
Their forecast already baked in a de-escalation of the protracted trade dispute between Washington and Beijing, in no small part due to the looming 2020 presidential race.
David Kotok sees Q419 as a possible turning point for emerging markets. He cites three important factors – all part of the Great Rotation.
Full story at NASDAQ.com: https://www.nasdaq.com/articles/weighing-the-week-ahead%3A-20-20-visions-2019-12-15
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