2018_11_19 — “You can still walk on crutches”

You can still walk on crutches

You can still walk on crutches

  1. Global growth is no longer synchronized
  2. Many EM markets, some developed markets, and many individual U.S. stocks have breached bear territory, down at least 20% from their most recent highs
  3. The U.S. is not falling into recession
  4. However, growth may decelerate enough to make people feel like the U.S. is in a recession
  5. U.S. indices may enter bear territory based on deceleration, not recession

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Michael Ashley Schulman

Michael Ashley Schulman

Avid traveler and art fan, also Partner & Chief Investment Officer @Running Point Capital, a multifamily office and ultra high-net-worth money-management firm