A Game Changer for Market Leadership Creating New Winners and Losers – End of Globalization

Are we witnessing the end of globalization, the dominant trade and economic force of the last quarter-century? That is what financial thought leader Richard Bernstein is suggesting to clients. In a recent report, aptly titled: Investing for December 31, 2029 -The End of Globalization, he makes his case. And yes, he is talking about 2029!

As he notes in his report: “Market leadership always changes decade by decade, and the leadership of the past decade, which are now lauded as ‘core investments,’ seem highly unlikely to be the leadership of the next decade.” If he is correct, which he has been frequently over the years, thinking about investing for 2029 is probably a healthy exercise.

Richard Bernstein is Chief Executive and Chief Investment Officer of Richard Bernstein Advisors, which he founded in 2009. It now oversees or advises over 9 billion dollars in assets, largely in multi-asset allocation strategies using ETFs for financial advisors.

WEALTHTRACK #1630 broadcast on Janurary 24, 2020

Investing for December 31, 2029 – The End of Globalization

University of Michigan Consumer Sentiment Index

[jackburton]

Stocks, either domestic or EM; gold, treasuries etc don't look at the decade to decide if and when they are going to outperform. Using an arbitrary sign post is probably not the best indicator about what to invest in. Rich Bernstein is a smart fellow and has a long track record of success and may be correct about predictions but i need something more than a vague it is about time these things outperform or not.

[louisaparker]

Consequences of the end of globalization for investors:
1. Investing in foreign assets will be forbidden. So start selling any foreign stocks (including USD nominated emerging market ETF-s) because these will be declared worthless soon.
2. International transport and tourism will almost disappear. So sell any stocks related to that.
3. There will be war. So invest in war industry stocks, if you can.
4. In a more distant future, any kind of investing might be forbidden. So you might want to sell any financial assets (except cash), because all these will be declared worthless.

[elsemuller]

What would he say today, in the midst of a unprecedented global shutdown and boom of technology, because of it, everybody relies on Internet, right? Many companies on the brink of bankruptsy, goverment dept skyrising and more uncertainty than ever! Emerging Markets still a good bet? US tips a good choice? What about currency risk? And last but not least: he said long term treasury bonds were too risky because too expensive, what about now, that yields are down to zero? Would he have bought treasurys with little higher yield before, will they not rise very much in value now ? Nobody can predict the market, but that's for sure, if I'm right.

[christopherdennis]

"Most efficient" lol look at what happened to upstate N.Y. when all those mills went south.

[ahmedalnumairi]

I thought etfs were meant for day trading?

[blitherbox]

Change the ball and the game will change with it or you'll become the game.  Again.

[aacesta]

TIPs-->REIT and GOLD-->Gold miners?