Positioning Your Portfolio for 2014 An interview with Wells Fargo Advisors Chief International Strategist
December 5, 2013
Hosted by Té Revesz
What does 2014 hold in store? For investors? For international business? For our 100th broadcast, Paul Christopher shares Wells Fargo Advisors’ outlook for the world’s economies and markets over the next 12 months and in the longer term. What does the WFA Investment Strategy Committee see ahead for equities, fixed income, commodities and currencies? What are their recommendations? Should investors stay the course? Retreat? Or rebalance. Which assets should you overweight? Even-weight? Underweight? How should we balance regional opportunities and risks? § Where are the investment opportunities? ¨ Is Europe back on track? Should we look at Germany? At Sweden? What about Poland? ¨ Is Turkey a good bet? ¨ Reforms undertaken in the largest emerging economies (notably India, China and Brazil) could trigger rising unemployment and bankruptcies. § How will their governments cope? § How should international investors prepare? § What will that do to your markets in those countries? ¨ What other emerging economies bear watching in the rest of Asia and LatAm? In Africa § Portfolio or commerce, what is the forecast for the world’s major currencies? Euro, yen, dollar or pound sterling? § What’s the commodities forecasts? Metals? Agriculture? ¨ Will gold and silver retain their luster § International equity markets are close to, or above, annual highs? Could investors run into near-term headwinds? ¨ Will the correlation among markets continue? ¨ Is it time to rebalance? How? Where? § What’s the take on sovereign debt? § Does four years of economic recovery in the U.S. signal time for a slowdown, or the early stage of a potentially long economic expansion? ¨ Households are still deleveraging, what does that portend? ¨ What is the jobs outlook? ¨ What key challenges will the U.S. economy and markets face over the 12 months? ¨ Should we expect a rougher ride? ¨ What about cyclical sectors? § Going into 2014, the single most important unanswered question facing bond investors is how the Fed will wean the economy of its bond purchasing stimulus. What does WFA expect?
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We are all operating in a dynamic global marketplace, whether we reach across borders to find new customers and fresh ideas or face overseas competitors in our home market.
Global Reach embraces the opportunities and challenges we encounter when operating in multiple countries and cultures. We talk with entrepreneurs and executives about their strategies for winning in fast changing world markets: cross-cultural communication, global branding, media and marketing, transportation and manufacturing, the future of finance, alternative investment strategies, innovation and IP protection.
Global Reach interviews thought leaders about 21st century megatrends that impact international entities: trends like the business and politics of sustainability, the morphing nature of competitiveness, globalization, global companies vs national governments, worldview and growth prescriptions, emerging markets issues, and the corporate impact on society (governance, ethics and leadership).
Té Revesz is known for her ability to conduct strategic research on a global basis and for her creativity in handling complex business challenges.
As principal of GlobalReach-SBI, a research and consulting firm with a network spanning over 60 countries, Té provides clients with strategic intelligence on market opportunities and threats. She covers such diverse areas as global branding, new product development, payment cards, clinical trials, and political risk. An expert in primary research, Té has interviewed business, government and labor leaders, doctors and technical experts—and managed focus groups—around the world. She was profiled in Super Searchers Go to the Source as one of the top US interviewers.
Prior to founding her own firm, Té headed the Industrial & Healthcare Practices of FIND's Strategic Consulting & Research Group and taught at the Zicklin School of Business (Baruch/CUNY). She was the Editor of Business International’s flagship newsletter and helped create its country risk service.
An NYC native, Té is active with Citizen Action, the URJ’s Commission on Social Action, and NY Neighbors for American Values (defending religious freedom, diversity and equality). She holds a Masters from Columbia’s School of International & Public Affairs and a BA from Goucher College. She’s an avid bike rider, theater buff and farmers market supporter—and the bemused owner of 2 demanding felines.