Seeking Growth in a Softer Economy

2019 Midyear Insights

    Facebook Twitter LinkedIn Email

By Brent Puff - July 16, 2019

US stocks posted their best first half of a year in more than two decades. Yet as our investment team looks out over the rest of 2019 and into 2020, we believe it will be more difficult for markets to continue making big moves higher.

Growth around the world is under pressure in both developed and developing economies. This more modest pace of global economic activity is in turn slowing the pace of corporate profits. Moreover, the trade dispute between the US and China remains unresolved and is likely to continue to pressure business confidence, investment and ultimately future global economic activity.

Although the shift to greater monetary policy accommodation by the US Federal Reserve and other leading central banks around the world should help counter some of the headwinds derived from slower global growth, we believe the growth environment will remain challenging, particularly if the trade dispute persists.

In my latest video, I outline the issues in more detail and share our approach in this more challenging environment.

Transcript

    Facebook Twitter LinkedIn Email

Insights from our CIOs

Get additional insights in our latest Investment Outlook.

Discover More
  • Related Articles
  • More From Author

Global Small Caps: Weathering Geopolitical Uncertainty

Will global small-cap stocks play catch up to large-cap stocks in 2020? Get the latest outlook from Portfolio Manager Trevor Gurwich.

Turning the Tide on Plastic Waste

Learn about how we believe thematic investing can help address global waste issues.

A Move Back to Value

Value Portfolio Manager Mike Liss sees pockets of opportunities in four areas—provided social media and inflation don’t disrupt markets.

    Headwinds Ahead for Global Growth Stocks?

    Despite a disjointed and volatile economic backdrop, Portfolio Manager Brent Puff remains optimistic on the 2019 outlook for equities. One issue, however, did surprise him in the third quarter of 2018.

    Seeking Growth in a Softer Economy

    Economic activity around the world is softening, which Sr. Portfolio Manager Brent Puff believes could make finding future growth more challenging.

    Global Economic Risks: Are They Diminishing?

    Despite the first quarter market rally, Global & Non-U.S. Equity Portfolio Manager Brent Puff notes slowing global growth.

      Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results.

      The opinions expressed are those of American Century Investments (or the portfolio manager) and are no guarantee of the future performance of any American Century Investments' portfolio. This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.

      American Century Investments is not responsible for and does not endorse any comments, content, advertising, products, advice, opinions, recommendations or other materials on or available directly or via hyperlinks from Facebook, Twitter or any third-party website. Facebook, Twitter and LinkedIn are registered trademarks of their respective owners.