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Market Outlook and Top Picks from Stan Wong (Alibaba, Citigroup & Norwegian Cruise Line)

October 12, 2017

MARKET OUTLOOK & TOP PICKS
As we make our way into the final months of the year, global equity markets continue to grind higher with U.S. equities in particular reaching new heights. Investor sentiment has clearly turned more positive driven by the increasing breadth of the global economic expansion and expectations of sustained corporate earnings growth. Indeed, the head of the International Monetary Fund (IMF) said last week that “the long-awaited global recovery is taking root” and that three-quarters of the globe is enjoying an economic upswing in “the broadest-based acceleration since the start of the decade”. A ‘Goldilocks’ backdrop of improving global economic growth and modest inflation should allow central banks to raise interest rates gradually, allowing for an extended period of economic growth and stronger corporate earnings. From a technical perspective, equity markets do appear…

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