Improving conditions but growing risks

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In January, we offered our usual annual set of 10 Predictions that were based on our premise that the economic expansion was getting long in the tooth but still had some life left. The coronavirus pandemic changed everything. Amid the height of a new bear market and sharp recession in April, we recast our predictions to provide investors with some new perspective about where things might be heading. We’re going to continue keeping track of (and scoring) both our original and newer predictions through the rest of 2020. At this point, we think conditions will continue improving, but we are also growing more concerned about rising market risks.

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