KKR's Outlook For 2016: U.S. Equity Market – Adult Swim OnlyGuest Post
Outlook For 2016: U.S. Equity Market - Adult Swim Only by KKR
We approach early 2016 with caution. In our view, valuations are not cheap at a time when central bank policy in the U.S. is changing, global trade is stalling, and corporate margins are peaking. Also, ongoing Chinese yuan depreciation is significant; it literally means that every other country now must think through whether it needs to further devalue to remain competitive. Not surprisingly, we are below . . .
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