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Outlook September 23, 2019 / 08:54 pm UTC

Equities Outlook: Stretched U.S. Valuations and Slowdown Point to Corrections

By Mike Gallagher, Matthias Karabaczek
The late-cycle rally in 2019 has pushed U.S. equity valuations to high levels, which suggests that the current U.S. bull run might be vulnerable. A lack of follow-through on Fed easing in 2020, plus a continued slowing of growth, are enough to cause a down year for the S&P500.