Every year at this time we are delighted to welcome Wall Street’s long-reigning number one economist, Ed Hyman to share his outlook with us.  And we always pair him with a leading portfolio manager with a global investment view. For the fourth year in a row, our choice is First Eagle’s, Matthew McLennan.

In the first of this two-part series on the Outlook for 2020, our focus is on the U.S.

Last year Hyman correctly forecast the now record-breaking economic recovery would continue and that a recession was several years away. We’ll find out what his view is now and get McLennan’s assessment of the U.S. markets.

Ed Hyman is a Wall Street legend. Vice-Chairman of Evercore, a leading independent investment banking and advisory firm, Hyman is the Founder and Chairman of its Evercore ISI division and leads its economic research team. He has been voted Wall Street’s Number One Economist for an unprecedented 39 years in Institutional Investor’s annual survey. No one else comes even close to that record.

Matthew McLennan, a noted global value manager is Head of the Global Value Team at First Eagle Investment Management where he oversees more than ninety billion dollars in assets, including several funds. His flagship First Eagle Global Fund which he inherited from legendary value investor Jean-Marie Eveillard in 2008 carries Morningstar’s Five Star and Bronze Medalist Analyst ratings and has outperformed both its World Stock Index and World Allocation category since its 1979 inception.

WEALTHTRACK #1625 broadcast on December 20, 2019

More info: https://wealthtrack.com/positive-2020-outlook-for-us-economy-says-wall-streets-1-economist-ed-hyman