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2019 Macroeconomic Outlook - September Update

Sep. 30, 2019 8:33 AM ETSPDR® S&P 500 ETF Trust (SPY)
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  • Time to position for later cycle and manage risks, though there is still room left in the bull run.
  • Stay attentive to indicators highlighted in presentation to signal when to become more defensive.
  • Geopolitical uncertainty is the major threat to both domestic and global growth.
  • Targeting H2 2020 for potential onset of recession.

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