The Macroeconomic Outlook: A Balancing Act
Now that the yield-curve has inverted for the first time since 2007, should investors brace for impact? Few indicators have been more accurate, or followed, than the spread of short- and long-term Treasuries. In combination with the Fed's recent pivot to a more dovish stance and the continued slack in global growth, the macroeconomic outlook does look gloomy. But if staying on the sidelines is no option, how can investors make sense of—and find value in—a volatile environment that seems to be dominated by socioeconomic developments? How can new technologies provide solutions to the current challenges facing globalization and open trade? And what geopolitical, economic, and market indicators should investors consider as they think about asset allocation strategies?