Are we witnessing the end of globalization, the dominant trade and economic force of the last quarter-century? That is what financial thought leader Richard Bernstein is suggesting to clients. In a recent report, aptly titled: Investing for December 31, 2029 -The End of Globalization, he makes his case. And yes, he is talking about 2029!
As he notes in his report: “Market leadership always changes decade by decade, and the leadership of the past decade, which are now lauded as ‘core investments,’ seem highly unlikely to be the leadership of the next decade.” If he is correct, which he has been frequently over the years, thinking about investing for 2029 is probably a healthy exercise.
Richard Bernstein is Chief Executive and Chief Investment Officer of Richard Bernstein Advisors, which he founded in 2009. It now oversees or advises over 9 billion dollars in assets, largely in multi-asset allocation strategies using ETFs for financial advisors.
WEALTHTRACK #1630 broadcast on January 24, 2020
More info: https://wealthtrack.com/the-end-of-globalization-is-a-game-changer-for-market-leadership-creating-new-winners-and-losers/
Investing for December 31, 2029 – The End of Globalization
http://www.rbadvisors.com/images/pdfs/RBA_Insights_Investing_for_2029_1219.pdf
University of Michigan Consumer Sentiment Index
https://data.sca.isr.umich.edu/

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