North American equity markets have rewarded investors in 2019 and are at or near all-time highs.
The performance has been driven by non-cyclicals such as utilities, consumer staples and real estate, which are up more than 20% year to date. Blockchain: A revolution for real estate funds Trade tensions have cooled since the beginning of September and a US/China phase-one deal could be signed in the coming weeks. Despite the recent optimism around trade, fundamental economic data has been mixed. While Q3 earnings have generally been strong, economists are still forecasting US GDP growth to fall from 2.3% in 2019 to 1.7% in 2020. The futures market is implying two additiona...
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