“Industry Perspectives” 4Q 2019
For the first time in U.S. history, the U.S. economy started and ended an entire decade without a recession. What a difference a year makes! A year ago, market watchers were worried about rising interest rates, trade friction (the U.S. – China trade dispute), and geopolitical tensions, which tempered investors’ risk appetites, resulting in a yearly decline for the S&P 500 Index for the first time since 2008.
In this latest Industry Perspectives, we discuss:
- The economy should have a stable tailwind from monetary policy throughout 2020.
- We believe the main driver of monetary policy will continue to be the U.S.-China trade negotiation outcome.
- We believe equity markets are poised to continue their upward trajectory due to corporate earnings growth and a decent economic backdrop.
- We continue to expect growth investing to outperform value investing for the foreseeable future.
We get to know the companies we invest in and learn how they run their business.
Top-Down & Bottom-Up
We identify Top-Down broad, secular growth trends and search for companies from the Bottom-Up.
We construct our portfolios based on our own proprietary investment strategy.
Sticking to our disciplined investment strategy ensures we maintain a consistent, balanced approach.
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