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fare 进展\muted趋缓的
As is usually the case after the holidays, inquiring minds turn their attention to how various assets will fare in the coming new year.
To answer this question, Bloomberg recently published a sample of opinions from top portfolio managers and strategists who shared their views on all asset classes heading into the new year. The common theme: stocks will be risky, volatility is back and returns across all asset classes could be "muted" in the new year.
There were some outliers: Jurrien Timmer of Fidelity Investments was the most bullish on stocks. He believes that earnings growth in the United States will slow to 5% to 7% in 2019. He also thinks that the Fed could raise rates once or twice more and that bonds look "alright" in this environment. Starting the year at what he calls a "reasonable" price to earnings ratio, he predicts that stocks may do better than they did in 2018.
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