US markets are poised to witness a modest deceleration in economic growth as the unwinding of the pro-cyclical tax reform takes effect in 2019…..<\/p>\n
<\/p>\n
By Aneeka Gupta – WisdomTree<\/strong><\/p>\n However, we continue to remain optimistic on US equities after a strong earnings season in the third quarter in 2018 with average earnings growth expectations as high as 27%.<\/p>\n More importantly even on stripping out the effect of the tax reform average US earnings growth declines to only 18% which in comparison to the rest of world is still very high.<\/p>\n The recent results of the midterm elections confirm that Trump\u2019s key fiscal policies such as Tax reform.1 and de-regulation are likely to remain in place.<\/p>\n However, the gridlock in parliament suggests we are likely to greater oversight on Trump\u2019s policy on trade, infrastructure, healthcare and immigration reform.<\/p>\n After the recent sell-off of US equities in October, US equity valuations are attractive on a 21x price to earnings ratio.<\/p>\n We remain cautious of the recent sell off in the technology sector and favour more defensive sectors such as healthcare, utilities and consumer staples.<\/p>\n Consumer confidence remains at an 18-year high and unemployment at a 49-year low. Core inflation is around the 2% mark.<\/p>\n Federal reserve Chairman Jerome Powell has dialled down his rhetoric of an aggressive monetary policy stance at his last meeting,<\/strong> as he acknowledged risks to global growth and rising uncertainty owing to trade wars.<\/p>\n Against this backdrop, we anticipate the Fed\u2019s interest rate trajectory will be more gradual in 2019.<\/p>\n Fuente: ETFWorld<\/p>\n","protected":false},"excerpt":{"rendered":" US markets are poised to witness a modest deceleration in economic growth as the unwinding of the pro-cyclical tax reform takes effect in 2019…..<\/p>\n","protected":false},"author":1,"featured_media":14839,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[39],"tags":[79,81,109,110,104],"class_list":["post-14830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analisis-etf-en","tag-etf","tag-etfs","tag-europe","tag-usa","tag-wisdomtree"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"featured_image_urls_v2":{"full":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/12\/Gupta-Aneeka-WisdomTree-ETF.jpg",400,300,false],"thumbnail":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/12\/Gupta-Aneeka-WisdomTree-ETF-150x150.jpg",150,150,true],"medium":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/12\/Gupta-Aneeka-WisdomTree-ETF-300x225.jpg",300,225,true],"medium_large":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/12\/Gupta-Aneeka-WisdomTree-ETF.jpg",400,300,false],"large":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/12\/Gupta-Aneeka-WisdomTree-ETF.jpg",400,300,false],"1536x1536":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/12\/Gupta-Aneeka-WisdomTree-ETF.jpg",400,300,false],"2048x2048":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/12\/Gupta-Aneeka-WisdomTree-ETF.jpg",400,300,false],"ultp_layout_landscape_large":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/12\/Gupta-Aneeka-WisdomTree-ETF.jpg",400,300,false],"ultp_layout_landscape":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/12\/Gupta-Aneeka-WisdomTree-ETF.jpg",400,300,false],"ultp_layout_portrait":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/12\/Gupta-Aneeka-WisdomTree-ETF.jpg",400,300,false],"ultp_layout_square":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/12\/Gupta-Aneeka-WisdomTree-ETF.jpg",400,300,false],"mailpoet_newsletter_max":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/12\/Gupta-Aneeka-WisdomTree-ETF.jpg",400,300,false]},"post_excerpt_stackable_v2":" US markets are poised to witness a modest deceleration in economic growth as the unwinding of the pro-cyclical tax reform takes effect in 2019….. By Aneeka Gupta – WisdomTree However, we continue to remain optimistic on US equities after a strong earnings season in the third quarter in 2018 with average earnings growth expectations as high as 27%. More importantly even on stripping out the effect of the tax reform average US earnings growth declines to only 18% which in comparison to the rest of world is still very high. The recent results of the midterm elections confirm that Trump\u2019s…<\/p>\n","category_list_v2":"An\u00e1lisis ETF (EN)<\/a>","author_info_v2":{"name":"Falco64","url":"https:\/\/www.etfworld.com\/es\/author\/falco64\/"},"comments_num_v2":"0 comentarios","_links":{"self":[{"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/posts\/14830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/comments?post=14830"}],"version-history":[{"count":1,"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/posts\/14830\/revisions"}],"predecessor-version":[{"id":14838,"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/posts\/14830\/revisions\/14838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/media\/14839"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/media?parent=14830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/categories?post=14830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/tags?post=14830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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