We expect equities to outperform most other assets as an AI-fuelled bubble continues to inflate, supported by a backdrop of resilient economic growth and monetary easing cycles. In particular, we expect US equities to continue to lead the charge, with the IT sector remaining around the front of the pack. Given our view that central banks will cut rates by more than investors are discounting, we anticipate decent returns from government and corporate bonds over the coming years, though we expect both to lag equities. And we think commodities in general – many of which have fared well so far this year – will struggle over the coming years.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services