PIMCO global market volatility next year many asset classes have been overestimated www.66bobo.com

PIMCO: the global market next year rangebound many asset classes have overestimated the U.S. stock market center: exclusive national industry sector stocks, premarket after hours, ETF, real-time quotes warrants to view the latest market Sina stocks in Beijing on the evening of 29 Reuters Pacific Investment Management Company (PIMCO) announced slightly higher on global GDP (GDP) the growth forecast this year is expected to increase of about 2.5% in 2017 by 2.5-3%, but warned that many asset classes seem to have overestimated. The latest PIMCO cycle outlook report released on Wednesday said, the basic assumption for 2017 is the world economy continues to expand, monetary and fiscal policies are supported, and the market is roughly rangebound state. Pimco global economic adviser Joachim Fels, global fixed income investment long Andrew Balls wrote, with the S & P 500 index stocks scale and high-yield junk bonds and global bonds rose, "we worry about rising surface potential risks, especially in many types of assets seems to be overvalued price situation." "The asset market seems to be fully reflected in a very subtle outcome, so it’s easy to get even a very small negative accident," Fels and Balls point out. Pimco will increase the growth rate of the U.S. economy in 2017 is expected to 2-2.5%, because of the expected end of the inventory adjustment, as well as continued strong consumer spending driven by commercial investment recovery. The report said the Fed is expected to raise interest rates in the current to the end of 2017, 2-3 times, and the market is expected to raise interest rates only once." Pimco said that although the company is still worried that the monetary policy is exhausted, but it seems that the impact of easing policy is still positive, but the effect continues to shrink. The central bank is now focusing on the use of compensation measures to alleviate the negative impact of low interest rates and even negative interest rates and yield curve flattening on the financial sector. At the same time, fiscal policy is likely to be a bigger source of market surprises next year and is expected to take more stimulus, especially in developed markets. (end) editor: Li Wu SF053相关的主题文章: