GUIDE

Q1 2019 Markets Update

IN THIS ISSUE

Economy — Continued positive employment and economic trends, but deficits growing at historic rates. Are trade war tariffs intended to fund the shortfall?

Cyclical highs in property prices, volatility, and negative fundamentals

Feature — Leverage versus Employment Fundamentals

Three trends we are watching

  • Cyclical highs in property prices
  • Rising Interest Rates
  • CMBS Conduit deal size