Outlook Update: Q4 2019 ETF Market Update

Investors are more preoccupied with a US/China trade deal, interest rates, and the potential for a US recession than Q3 earnings.

Chances are slim we'll see a grand US/China trade deal in Q4, and investors should expect ongoing trade-related market volatility.

To position portfolios for Q4, investors can consider targeting quality without overpaying and letting bonds be bonds.

Matthew J. Bartolini, CFA
Head of SPDR Americas Research, State Street Global Advisors
Michael Arone, CFA
Chief Investment Strategist, State Street Global Advisors

With three months left to go in 2019, it's shaping up to be an interesting end of the year. For this update, we wanted to dive into the following three questions:

  • Will Q4 earnings just be another distraction in light of all the macro headlines? [00:15]
  • Will trade be resolved before year end, or is it just going to be a revolving door of negotiations? [04:22]
  • What’s the outlook for emerging markets? [10:44]

For additional insights, you can follow SPDR Blog or access the latest posts from both Michael Arone and Matthew Bartolini.


The views expressed are the views of Michael Arone and Matthew Bartolini as of October 3, 2019, and are subject to change based on market and other conditions. The opinions expressed may differ from those with different investment philosophies. The information provided does not constitute investment advice and it should not be relied on as such. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon.