Opening Statement from the October 2018 CCPM Forecaster 

Opening Statement from the October 2018 CCPM Forecaster 

Originally published on October 1, 2018 (pre-market)

Overview

Global growth remains solid but has progressively weakened over the past few months. After enjoying more than a year of improving economic and market conditions accompanied by uniform macroeconomic growth, this trend is losing momentum. In fact, the global economic landscape is becoming more fragmented and uncertain. Leading this period of uncertainty are issues pertaining to global trade policy, followed by fiscal and monetary policy.

The emerging markets have been hit hard due to trade uncertainty, with Southeast Asia and Latin America having received a great deal of the blow. Notably we are now seeing definite signs of economic weakness in China as a result of U.S. tariffs. Moreover, South Korea continues to show weakness along with Taiwan and a host of other nations.

The number one question on the minds of investors is...