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Compass 2020 Outlook

Quarterly market insights

In this quarter’s publication, we reflect on what happened in 2019 and propose some things to think about for 2020.

Date: December 2019

Welcome to the latest edition of Compass

As the world economy revives unsteadily from its latest swoon, we use this edition of Compass to discuss both what happened in 2019 and some things to think about for 2020.

2019 has certainly not been short of incident. The pinball-like narratives of Brexit and the US-China trade war have kept markets and commentators guessing throughout. The world economy has faltered, prompting many to again call time on this economic cycle.

As usual, in this quarter’s Compass you’ll also find details about interest rates, bond yields, commodity and equity prices, as well as our tactical positioning.

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