Schwab 2015 Market Outlook About Schwab（施瓦布对施瓦布2015年市场展望）.pdf

Schwab 2015 Market Outlook Panelists Jeffrey Kleintop Liz Ann Sonders Kathy Jones Randy Frederick Chief Global Chief Investment Fixed Income Managing Director, Investment Strategist Strategist Trading Strategist Derivatives Host Mark Riepe Senior Vice President, Schwab Center for Financial Research Lorem ipsum dolor sit amet, consectetuer Page 00 Our Outlook for 2015 Divergence in economic conditions and monetary policies appears to be the overarching theme for the year ahead. The U.S. Federal Reserve is moving toward an interest-rate increase while other central banks are searching for ways to stimulate the economies of their respective countries. U.S. stocks are expected to continue to outperform broad international benchmarks. On the fixed income side, higher-quality bonds should continue to perform well. Riskier assets, such as emerging market bonds, may underperform as investors demand higher yields to offset risks. Jeff • Fiscal policy may be more important to investors than Jeffrey monetary policy. Kleintop l s Kleintop a t e