Strategia di portafoglio per il secondo semestre 2018: come investire (parte 1)

Riassumere in poche righe una strategia di investimento è un compito difficilissimo.

Ci è venuto in aiuto, proprio oggi, il Fondo Monetario Internazionale. Nelle poche righe che seguono, trovate tutto quello che c'è da sapere per gestire il portafoglio nei prossimi mesi.

E per completare l'opera, avete sopra i dati per i debito, e sotto i dati per la crescita 2018 e 2019. 

Più chiaro di così, è impossibile. I dati parlano, e indicano le cose da fare.

The IMF still expects tax cuts to lift U.S. economic growth to 2.9 percent this year, up from 2.3 percent in 2017; but, citing proliferating trade conflicts, IMF chief economist Maury Obstfeld warned that "the risk of worse outcomes has increased" for the world economy.

"Financial markets seem broadly complacent in the face of these contingencies, with elevated valuations and compressed spreads in many countries.

At the same time, however, high levels of public and private debt create widespread vulnerability.

Asset prices are no doubt buoyed, not only by easy financial conditions, but by the generally still satisfactory global growth picture.

They therefore are susceptible to sudden re-pricing if growth and expected corporate profits stall.

Supporting growth into the medium term—where trend growth rates are forecast to be lower for advanced economies and many commodity exporters—requires that policymakers act now to raise growth potential and resilience through reforms, while re-building fiscal buffers and guiding monetary policy carefully to keep inflation expectations well anchored on targets."