News & Insights

Outlook 360 Winter Edition: Consensus?

by HighTower on January 31, 2014

Posted By: Matthias Paul Kuhlmey

I. Introduction

The joy of writing an economic outlook is to reset the past, deliberately contemplating if investments could, or should, ever be judged on the basis of a “best by” date, ending on December 31 (personally, I don’t think so). Nonetheless, around this time of every year, we consume and analyze information on behalf of our respected clients. Sources are multiple and, in comfort, we can trumpet that the HighTower partnership is not bound to follow any single viewpoint. Instead, we enjoy insights into leading opinions from Wall Street and beyond; hence the 360 title chosen, as published by our Global Investment Solutions (GIS) group.

The crux of the matter is that, even when taking a hard look around, with a few noted exceptions, many opinions and themes appear to center around very similar investment ideas and expected outcomes. To list a few: the global economy will keep growing (though slowly); interest rates are on a move higher, but will not hit the proverbial ceiling; stocks are preferred over bonds (at least for now), and the greenback is one of the cheapest currencies traded. This is the part when you want to scratch your head, as too much consensus cannot be a good thing, and (better be a believer) this time will not be different, after all.

Please click on the following for the full article: 2014 Q1 GIS 360 Consensus

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All data and information reference herein are from sources believed to be reliable. Any opinions, news, research, analyses, prices, or other information contained in this research is provided as general market commentary, it does not constitute investment advice. The team and HighTower shall not in any way be liable for claims, and make no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information, or for statements or errors contained in or omissions from the obtained data and information referenced herein. The data and information are provided as of the date referenced. Such data and information are subject to change without notice.

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