The Cycle's Last Stand

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Summary

We zoom out for the year-end Marketplace roundtable to look at the macro environment. Does Q4 2018 foretell a shift?

There's consensus that the current economic cycle is drawing towards an end, but the Fed's exact role remains up for debate.

Bonds, emerging markets, and perhaps a last leg of the equity bull market stand out as possible directions to watch for in 2019.

2018 seems to be ending on the wrong note in the markets. December is setting the wrong kind of records, and Q4 has been a bumpy one in general. This is what happens in the