While we expect U.S. economic growth and inflation to moderate in the year ahead, the probability of a recession has increased somewhat in our view. The market was overly concerned last year that
As we enter the second half of 2023, the economy has remained surprisingly resilient despite the massive tightening in monetary policy and higher borrowing costs.
While the market is increasingly attractive on an absolute and relative basis, it has been an extremely challenging performance environment so far this year.
It has been several decades since I owned a manual transmission car, but learning how to drive stick was a rite of passage for most teenagers back in my day.
Following a difficult performance year, investors have enjoyed very strong investment returns across all asset classes in 2019, despite slower global growth and numerous headwinds.
Market returns have disappointed thus far in 2018 as a combination of fundamental and technical factors have negatively impacted asset values.
PMA Asset Management’s 2017 market outlook called for improved returns for short-term investors and limited returns in the fixed income market with higher prospective returns for U.S.
As we entered 2017, our outlook called for limited returns in the U.S. fixed income market with higher prospective returns for U.S. equities.
As we entered 2016, our outlook called for higher volatility and a wider range of potential market returns.
Market returns have remained in line with our expectations thus far in 2015 as total returns have remained positive across most sectors.