Equities Play The Trump Card

Winter 2017 Ski Report: Janus Equity Outlook

We're happy to be away from the consensus views of crowds. And on winter weekends, we’re happier yet to be in the heart of ski country. In our regular equity outlook, we combine investing and skiing to map the current market terrain. Like a ski day, markets offer a mixture of riskier paths and easier ones. We'll point out the positive and negative themes driving equities, and tips to navigate those themes more effectively.

The Black Runs

Black runs are themes that present key risks to equity markets. Be careful and alert before proceeding.

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Market noise escalates

Volatility under Donald J. Trump, the "Commander in Tweet"

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The dollar rises

The challenge of an increasingly strong greenback

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Populism

Not popular with every sector

Blue Runs

The Blue Runs

The blue runs highlight issues that are less dangerous, but not without pitfalls. These are attractive runs but proceed with care.

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Financials rebound

But competition for deposits limits the benefit of a steeper yield curve

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Europe recovers

Corporate balance sheets have improved but political risk remains

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Yields rise

A stronger economy means challenges for yield-driven investors

Green Runs

The Green Runs

Green runs signal easier paths, but watch for crowds and stay away from the pack.

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Flight to safety ends

Defensive stocks sell off and risk-taking returns to the market

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The economic outlook improves

A new administration and Federal Reserve (Fed) rate hike boost confidence

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Mergers and acquisitions (M&A) continue

A good time to own growth stocks

For information about our Ski Report, download the full PDF to look at our equity outlook.