Original article by David Rogers
The Australian – Page: 28 : 11-Feb-20
Kevin Anderson of State Street Global Advisors expects US economic growth to slow in 2020, but he says the country is unlikely to go into recession. Anderson adds that the asset manager has an overweight exposure to equities, and it is particularly upbeat about US shares. He says earnings will be a major driver of returns from equities in 2020, and the US is less vulnerable to an earnings shock than other markets. Meanwhile, Anderson is not unduly concerned about a recent flattening of the US yield curve, saying it was primarily due to 10-year bonds being regarded as a safe-haven investment.
STATE STREET GLOBAL ADVISORS INCORPORATED