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and thus keep our longer-standing preference for
currency positions and for other implementation
and we expect this to remain the case in
and Master Limited Partnerships (MLPs) in the US
and the request for external support for
but the bar to support the economy and markets has been lowered substantially. We
as peripheral countries' budgets stay on track and economic activity recovers
political gridlock and some fiscal tightening
Democratic sweep and more fiscal tightening
political dysfunction and huge fiscal tightening
most likely in the form of agency MBS and Treasury purchases.
we keep our preference for IT due to a solid earnings outlook and strong
helping the Materials and Energy sectors to lead the market higher. The market could re-rate
and we would expect earnings growth of 5–8% over 12 months.