Big Question Part Two: How are you positioned for 2013?

Jeremy Batstone-Carr Chief economist, Charles Stanley   Looking at cyclicals We are constructive on the outlook for most equity markets in 2013. Admittedly, structural headwinds are likely to remain significant and to be very bullish, political authorities will need to make headway with regard to structural reform both in emerging and developed economies. We assume global growth in 2014 will improve on the levels of next year and that, after troughing at the Q1 2013 results season, earnings should recover, especially so in the second half. That, coupled with an eventual improve...