Although the S&P 500 has already fallen by roughly 10% since early October, we don’t expect it to rebound in 2019. Given the outlook for the US economy, we think that it will end next year even lower...

In contrast to their relatively strong performance over the last decade, we expect financials in the US to fare worse in general than their counterparts in the euro-zone and the UK next year.

Despite the fact that it has already fallen a long way, we think that the MSCI Emerging Markets (EM) Index will drop by another 10-15% by the end of next year. This is partly because we expect...

We think that this week’s turbulence provides a reasonable guide to the trends to watch for in markets next year. In particular, while both the S&P 500 and US Treasury yields have started to drop a...