Cardinal Quarterly – Oct 2019

Market Outlook – Stock markets across the globe have continued to climb a wall of worry, with most major indices near record highs despite consistent fears that a downturn is imminent. We still believe that investors will be rewarded far more for optimism than pessimism. Given headline grabbing risks such as the China trade war, a number of military hotspots like Iran where tensions are escalating, and now the threat of Presidential impeachment, being optimistic is not easy.

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