The equity market showed surprising resiliency in the third quarter, even in the face of unexpected political changes. Case in point: The UK’s unexpected decision to exit the European Union had a limited impact on equity markets in the region.
That said, there are still many challenges, such as:
- The sluggish pace of global economic activity
- Persistent restraint in the pace of business investment
- Rising global political uncertainty (e.g., Brexit, the recent U.S. presidential election,
- December’s Italian referendum and France’s upcoming presidential election)
- Low interest rates
Learn more in the video below about why our research leads us to believe conditions will improve in the fourth quarter.
The opinions expressed are those of Brent Puff and are no guarantee of the future performance of any American Century Investments fund.
This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.