Our 2016 Market Outlook is presented by Joe Hickey, CFA, Director of Equity Strategy and Portfolio Manager.
Joe begins our presentation by reminding us why a diversified portfolio is so important by reviewing several different asset classes and how and why they performed as they did in 2015. He then discusses why we believe one indicator of a 2016 slowdown in the global economy is high commodity inventory and their low prices. Joe then takes a look at how a decrease in Chinese manufacturing and a drop in the prices of Chinese goods as well as a decline in the Chinese Yuan have affected and will affect the Chinese economy. These and other factors in the Chinese economy have huge implications for how we position our portfolios.
We hope that the presentation brings some clarity to what’s going on and how we are thinking about portfolio positioning.