Market Update: Q4 2018

Source: GLC Asset Management

 

The economy

The global economy slowed in the second half of 2018. We expect this trend to extend into 2019 amid tighter financial conditions and increased trade protectionism. Although leading indicators continue to signal expanding economic activity, these indicators peaked in most major regions in late 2017 and early 2018.

The US economy has been particularly resilient, supported by large scale tax cuts and increased government spending. We expect, however, that the boost from US fiscal stimulus will fade in 2019. It may even become a drag in 2020.

For both the US and global economy, we continue to forecast decent growth for 2019 but at a slightly reduced pace compared to 2018.

Source: RBC GAM

 

 

 

 

 

 

 

Three articles of interest:

1. It’s the Worst Time to Make Money in Markets Since 1972 - Bloomberg
2. Tax treatments of RPPs versus RRSPs – Belmont Blog
3. How do your financial priorities stack up with our pyramid? - Morningstar

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