Seth Freeman, Senior Managing Director of GlassRatner on Monday said that the investors will continue to move into income oriented securities and may not "really be significantly adding to equity positions".
He said, "...part of that reflects two things, expectations that interest rates will stay the same or actually continue moving up and that in 2019, a slower economic growth in terms of developed countries."
China and the United States agreed to a ceasefire in their bitter trade war on Saturday after high-stakes talks in Argentina between US President DonaldTrump and Chinese President Xi Jinping, including no escalated tariffs on January 1.
Trump will leave tariffs on $200 billion worth of Chinese imports at 10 percent at the beginning of the new year, agreeing to not raise them to 25 percent "at this time", the White House said in a statement.
“We are looking at essentially 90-day pause and there is a lot of negotiations in it to take place and this morning in Asia, we are already seeing the reaction, especially in the oil sector,” said
Talking about outlook for India, he said, “I have been passionate about India for nearly 15 years and that doesn’t change from a long-term perspective but we are also coming into a period of some elections in India..."