Welkom in de Benjamin Button-economie

This report from Capital Group, led by economist Jared Franz, explores the “Benjamin Button” economy, where the U.S. appears to revert to mid-cycle growth dynamics.

• Economic Cycle: Indicators suggest the U.S. economy is in a mid-cycle phase, potentially extending growth and delaying recession risks until 2028.
• Market Implications: Mid-cycle economies historically yield strong annual stock returns (~14%), favoring small-cap and value stocks, with commodities and real estate also performing well.
• Fixed Income Outlook: Bonds remain attractive, especially if the Fed moderates rate cuts amid steady growth and controlled inflation.

For further insights and portfolio strategies, access the full report.