Our Investment Strategy Recommendations For December 2019
Our convictions for 2020:
a) economic growth will remain moderate and without inflation, we exclude the risk of a recession provided that a truce is signed between the United States and China;
b) bond yields will remain low;
c) stock markets will deliver positive returns thanks to rising profits and dividends. Flows into equities will continue;
d) we need to diversify our bets as volatility will return from time to time during the year.