A good year for investors so far, but can it last?
Steve Brice | 02 Aug 2019 00:30
Asset markets rebounded strongly in the first half of 2019, following a poor 2018. Global equities led the way, rising more than 10%, but bonds (particularly riskier bonds) also performed well.

Oil has rallied and gold recently broke out into a six-year high. The strong first-half performance has made some investors cautious on the outlook for global equities, given slowing economic growth and inflation, continued US-China trade tensions and sustained decline in bond yields.

The key question we face today is whether the equity market rally will extend through the second half of the year and into 2020. The answer depends most likely on whether the current growth slowdown will lead to a recession over the coming year.

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