Tuesday, November 20, 2012

The Princeton Club of New York
James Madison Room
15 West 43rd Street
(Between 5th and 6th Avenues)
New York, NY 10036





T. Rowe Price investment professionals shared their 2013 global market outlooks at the annual press briefing on November 20, 2012.

Highlights included:
  • The Last Five Years: The U.S. stock market has made a round trip the last five years but diversification paid off—even for retirees withdrawing funds.

  • U.S. Economic Outlook: The cyclical recovery gains traction as structural corrections advance. Recession risk is low but there are few visible engines for near-term acceleration.

  • U.S. Equities Outlook: Within a challenging macro environment, we are cautiously optimistic as valuations are reasonable and corporate fundamentals remain strong.

  • International Equities Outlook: Developed markets are likely to continue to struggle, while major emerging markets should be in recovery mode and outperform over time.

  • Fixed Income Outlook: The near-term trajectory of interest rates depends on progress in the eurozone debt crisis and the U.S. fiscal policy debate. Opportunities still exist, but credit research is now more important than ever.

  • European Sovereign Crisis: The traditional recipe for solving sovereign crises is not feasible in the eurozone. This crisis has three possible outcomes.

  • Health-Care Outlook: Entitlement reform must include healthcare. But investing in innovation will continue to be in fashion, regardless of the political/policy headwinds.
View our presentations from each speaker:

Edward Giltenan
Director of Public Relations
Presentation | Transcript | Video NEW!

U.S. Economy
Alan Levenson
Chief Economist
Presentation | Transcript | Video NEW!

U.S. Equities
John Linehan
Director of U.S. Equities
Co-Portfolio Manager of the U.S. Large-Cap Value Strategy
Presentation | Transcript | Video NEW!

International Equities
Bob Smith
Portfolio Manager of the International Stock Fund and the International Growth Strategy
Presentation | Transcript | Video NEW!

Fixed Income
Mike Gitlin
Director of Fixed Income
Presentation | Transcript | Video NEW!

European Financial Crisis
Ken Orchard
Portfolio Manager/Analyst, Fixed Income
Presentation| Transcript | Video NEW!

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