Q1 2018 MARKET OUTLOOKS

The global economy is synchronized, experiencing accelerated growth and is essentially firing on all cylinders. As the global economic expansion shifts into gear, yet again, will 2017 be a tough act to follow? PGIM’s investment managers provide diverse outlooks from the perspective of their portfolio managers and asset classes.

1st Quarter Outlook

The two diverging factors set to unfold in 2018—a broad loosening of US fiscal policy countered by gradually tightening monetary policies among some of the world’s major central banks—underscore investors’ challenge of recognizing directional cues throughout the year. In this edition of the Quarterly Outlook, PGIM Fixed Income examines what these signals might look like across the fixed income markets, the global economy, and the various corporate sectors.

 

 


Your capital is at risk and the value of investments can go down as well as up. Past performance is not a guarantee of future results.

 


Your capital is at risk and the value of investments can go down as well as up. Past performance is not a guarantee of future results.

QMA

Q1 2018 Outlook & Review

After a year that saw the S&P 500 Index return more than 20%, QMA predicts stocks will again outpace bonds in 2018 — potentially, again, by a very wide margin. While QMA's base case, outlined in its 2018 Outlook & Review "Goldilocks Growth and the Missing Bears," calls for S&P returns in the 10% range, the firm also envisions scenarios that could have 2018 nearly matching 2017's surprise breakout year for equities. 

 

 

IN THE NEWS

 

Pensions & Investments

Future Looking Bright for Active Management

Taimur Hyat, Chief Strategy Officer and Head of Marketing and External Relations, PGIM

Financial Times

Buoyant Emerging Markets Face a Testing 2018

Arvind Rajan, Head of Global and Macro, PGIM Fixed Income

Wall Street Journal

Private-Equity Funds Focused on Property Raising Less Capital

Alfonso Munk, Chief Investment Officer, PGIM Real Estate