CYCLICAL & SECULAR TRENDS IMPACTING THE ECONOMY & MARKETS IN 2019
Duane A. McAllister, CFA, Managing Director & Senior Portfolio Manager, Baird Advisors
Cyclical Economic Trends
- 2019 to become the longest post-war economic expansion
- Low unemployment and low inflation likely to continue
- Rising rates negatively impacting cyclically sensitive sectors
- Labor force expansion and productivity gains are key to the pace of future growth
- The Fed and Global Central Bank policies – global liquidity has peaked
Secular Economic Trends
- Aging demographics
- Technological advances
- Elevated public debt and liabilities
The Economic “tug-of-war” and Financial Market Impact
- Review returns across asset classes in 2018
- Yield curve signals
- Outlook for rates and market volatility in 2019
Duane has over 31 years of investment experience managing fixed income portfolios, with a primary focus on the municipal market. His responsibilities include setting and implementing investment strategy with a major portion of his time allocated to municipal portfolio management and credit research. Prior to joining Baird Advisors, Duane was a Managing Director and Senior Portfolio Manager at BMO Global Asset Management where he was the lead portfolio manager for tax-free fixed income strategies.
In 2015, the BMO Intermediate Tax-Free Mutual Fund that he and his team managed received a 10-year Lipper Award in the intermediate municipal bond category.
Duane is a member of The CFA Institute and The Milwaukee Investment Analysts Society. He also is a Vice-Chair of the St. Coletta of Wisconsin Board.
Duane and his wife, Connie, have three children: Kelly, Peter & Mandy.
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Schedule of Events:
Networking 11:30am - 12:00pm, Presentation & Lunch 12:00pm - 1:00pm
Lunch will include salad, your choice of three entrée options (selected during registration process), two family-style side dishes, and dessert
Virtual Attendees – Conference call details and presentation material will be emailed to you after registration closes. Presentation will begin at 12:00pm.
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- Registration closes 48 hours before event; late registration requests can no longer be accommodated (Monday, January 14th at 2:00pm)