The stock market is expected to rebound in 2019, but 2020 could be a much different story. That's the assessment from Nomura strategist Naka Matsuzawa in a December 28 note to clients.
“The global economy is already on an
irreversible path to an economic downturn,” he wrote. "We do not expect
the economy to fall suddenly into a downturn, but to recover temporarily in the
second half of 2019 to the first half of 2020 after signs of a slowdown
strengthen through the first half of 2019.”........
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