We take a deeper dive into our three key themes for the second half of 2019, laying out our macroeconomic rationale and identifying areas where, in our view, above-market returns may be achieved across asset classes.

The second half of 2019 will be defined by a delicate balancing act. Will the strength of the U.S. consumer be able to outweigh weakness in business spending? Will coordinated easing from central banks be enough to offset the uncertain outlook for trade policy? How should investors be positioned now that the expansion has become the longest in history?

In Navigating a maturing cycle, our midyear overview, we began to answer the questions above. We argued that investors should have a balanced, prudent allocation to risk in long-term portfolios while focusing on three key themes: investing in the secular growth trends of the future, harvesting yield and adding protection to help stay invested.

In this new bulletin, market strategists from across J.P. Morgan’s Capital Market Solutions teams take a deeper dive into these three key themes, laying out our macroeconomic rationale and identifying areas where, in our view, above-market returns may be achieved across asset classes. 

Read our full midyear outlook here.