This year began optimistically as markets responded to the growing sense that we were solidly on a path to economic recovery. Moving smartly to post-crisis highs in the spring, the markets were strong enough to rebound from the tragic tsunami and earthquake that hit Japan in March. But, as spring faded so did the markets as the European debt crisis took center stage in the form of Greece. Anxiety grew through the summer thanks to the political gridlock around our debt ceiling, the S&P rating downgrade of the U.S. that followed and finally an escalation in the European sovereign debt crisis. Along the way, renewed fears of a double-dip recession weighed heavily on the stock market.
As we move closer to year-end, markets have stabilized a bit due largely to a growing sense that European Union leaders are beginning to take the steps necessary to address debt troubles of member countries.
With 2011 about to enter the history books, we need to turn our attention to 2012 and what it may hold for us. When we reflect back on the year that was, we are reminded of an eternal truth—The future will always surprise us. In spite of that, it is nevertheless a critical exercise to think about the year ahead, what shape it may take and how to position ourselves properly given that view.
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With that in mind, I want to share a summary of a piece just published by UBS's Wealth Management Research (WMR) group, 2012 Outlook – Investing at the Crossroads. The much-anticipated annual flagship report on the year ahead offers asset allocation and investment strategy guidance that reflects WMR's view on markets. Please click on the attachment.
For a copy of the full report, please to contact me at 888-400-0488.
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The various research content provided does not take into account the unique investment objectives, financial situation or particular needs of any specific individual investor. If you have any questions please consult your Financial Advisor. In Canada, UBS Wealth Management Research is provided by UBS Investment Management Canada Inc.
UBS Wealth Management Research is provided by UBS Financial Services Inc.
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