New Year 2018
Check out the most recent quarterly outlook videos from RBC Global Asset Management
Global stock markets continue to be supported by the synchronized global expansion and better-than-expected corporate profit growth around the world, but the recent rally has pushed equities closer to fair value.
In an environment where economic growth is gaining momentum and secular stagnation may be starting to lessen its grip, we would expect real interest rates to ultimately rise back towards their long-term average.
In our view, equities continue to offer superior total-return potential compared to fixed income and we have maintained our moderate overweight in stocks and underweight bonds as a result.