The world economy is still growing at around trend, which is a generally positive background for risk assets, but investment outcomes have become highly dependent on ongoing gains from U.S. equities. The most likely outlook in Morgans view, is ongoing global expansion, though trade wars, monetary policy mistakes, wobbles in emerging markets, and geopolitical shocks are all real risks to monitor. Morgans look at the very real risk of US interest rates above 4% and the outlook for the equity market this month.
Read the full Morgans monthly Investment Watch update
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