Skip navigation

Continued Uncertainty

We’re seeing sustained positive, but slowing, global economic growth.

Year-to-date stocks are up 22%, and bonds are up 8%.1 It’s quite unusual for stocks and bonds to both be having such strong years. If there’s a strong outlook on the economy, stocks would be up, but interest rates would rise, muting bond returns. If the economy were weakening, the bond rally would make sense, but you’d expect stocks to be down. And, gold is up double digits.2 Gold usually responds to extreme conditions, such as the risk of a global crisis or high


Please Log in if you are currently a Trust&Estates subscriber, or select DAYPASS for our new 24 hour access (nominal fee required).

If you are interested in unlimited article access for one year, please select Annual Subscription below.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.