A tug of war is underway

Ron Temple | Lazard Asset Management | 16 September 2019

A tug of war is underway. On the positive side - still - is the US consumer, the household sector. But, on the negative side, we see synchronised global industrial deceleration, and markets underestimating the negative trajectory of the US/China relationship. Meanwhile, central banks around the world have shifted gears to re-enter an easing mode, so we're seeing more and more money entering markets. It's imperative that investors try to focus on the three-...