Friday Briefing: What is the point of outlooks when markets don't think long-term anymore?

Friday Briefing

December is well and truly here and for most this means the welcoming of heartwarming Christmas activities and terribly shoehorned festive related puns in headlines and comments.

What the month also brings is outlooks for the coming year when analysts, stock pickers, CIOs, managers and firms alike outline their vision for the coming 12 months. Indeed, as I do a search for ‘outlook' in my inbox just this week alone I get almost 500 hits. JPMAM's Karen Ward: Political uncertainty in markets has been replaced with 'policy uncertainty' Scrolling back to the beginning of November, and I have over 1,345 results. Outlooks are an informative tradition of markets, allowing clients to glean the tone of how managers feel going into the next year gain a clearer unde...