Asset Allocation: Annus Horribilis

  • 2018 was a bad year for most asset classes, 2019 is likely to be better
  • We retain a pro-risk stance, with overweights in DM and EM equities
  • Fed on pause and truce in US-China trade war to keep USD from rising
  • This, plus cheaper oil, leads us to increase our exposure to EM stocks
  • Long-term challenges remain: new highs less likely than in February
  • US Treasuries rally to stall on unfavourable 2019 supply/demand mix 
  • We further reduce duration, rotating from govvies and credit to cash

Economics

Politics

Markets

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View our summary videos on fast trending topics. To listen to a recording of our Conference Calls, please get in touch with zdl@tslombard.com

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TRACK RECORD

Track Record

We have a 29 year track record of successful calls. Many of these calls combined economic, political and market analysis.

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PRESS

Press

To request an interview with a member of our team, please get in touch zdl@tslombard.com .

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