Sage Advice Taxable Quarterly Market Review 4Q2019

Overall returns are likely to be constrained as compared to 2019’s exceptional gains. Core fixed income remains poised for modest gains, given a stable rate picture and the supportive tone to risk assets, which should underpin spreads for the early part of the year. Fortunately, rates should not be a constraining factor for returns. We expect range-bound rates during the first half with a better macro outlook, balanced by the downward pressure from continued global monetary easing and demand for yield.

  • DATE: January 8, 2020

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