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Two Reasons US Equities May Keep Climbing into 2020 (Franklin Templeton) Cites two factors to support further US equity upside. First, higher wage growth will boost consumer spending. Second, US corporates will benefit from a rebound in global growth (40% of profits for multi-national companies comes from overseas) [Bullish US stocks]
Why Financial Markets’ New Exuberance Is Irrational (Project Syndicate) Nouriel Roubini lists nine bearish factors for 2020. These include weak Chinese growth, the risk of a hard Brexit and trouble in the Middle East. [Bearish equities, bullish bonds]
Dollar to Come Under Growing Pressure (Variant Perception) Cites 3 reasons for dollar weakness: foreign central banks to ease less than the Fed, foreign investors buying fewer US assets and investors are already long USD (vs DM FX) [Bearish USD]
The 5 Types of Market Crash Predictions (A Wealth of Common Sense) Fun piece that categorises people who call market crashes. Meet the “Armageddonists,” the perma-bear market crash callers, the overdramatic financial reporters, political market crash callers and marketers who feel smarter by calling for a market crash.