Third Quarter Investment Outlook

Global growth has been less synchronized lately, but I’m not sounding the alarm. The US economy is approaching its fastest nominal growth rates of this expansion. Many other economies are still likely to grow above long-term trend levels this year. If central banks, led by the Federal Reserve, continue to pull back support gradually, I don’t expect it to disrupt global financial conditions or limit growth near term.

Here’s a snapshot of my asset class outlook:

MALR022002