A Secular Outlook - US Equities

High valuations, inverted US yield curve, wage inflation, fewer buybacks... A tough environment for US equities is, in a nutshell, what Luca Paolini is expecting for the next five years. Pictet Asset Management's Chief Strategist looks at what to expect for the US equity market over the next half decade.

You can download the full Secular Outlook for an in-depth analysis at am.pictet.

Further information on the Secular Outlook (in German) can be found here; and please find Luca Paolini's view on emerging markets here.