Skip to main content

Road ahead still looks bumpy for equities

We have revised up our end-2019 forecasts for equities, which previously pointed to a large correction. But even without this big pothole, we continue to think that the road ahead for them will be bumpy. Admittedly, we had underestimated the extent to which looser monetary policy would shore up stock markets. But the further easing that we anticipate in some cases is already discounted. Meanwhile, with the global economy likely to remain in the doldrums, and the US-China trade war not going away, we suspect that corporate earnings will struggle to live up to investors’ expectations of a rebound.

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


Get access