3Q:2019 Quarterly Update – A Challenging Mix of Uncertainty, Concerns, and Positives Suggests Caution Ahead
MARKETS Stocks were mixed as sentiment shifted. Investors weathered a challenging, uncertain environment during the quarter. The market’s attention focused on a softening global economy, US–China trade tensions, monetary policy, and the outlook for corporate earnings. The global growth outlook continued to deteriorate, as PMIs (purchasing manager indices) for most large economies continued to contract. […]