The document discusses the impact of the rising dollar and commodity price corrections since 2011, emphasizing that these are not due to slower global growth. It predicts the dollar will continue to drive the market, with oil slightly above fair value and industrial metals remaining expensive. It also highlights strong underlying earnings growth in the US, Europe, and Japan, despite weak headline earnings growth due to oil price declines and a stronger dollar.
documents/vol00010-efta01458628-pdf.pdf
{"title":"Asset Allocation","document_date":"2015-09-11","document_type":"correspondence","key_organizations":["Deutsche Bank Securities Inc."],"reference_numbers":["DB-SDNY-0118625","SDNY_GM_00264809","EFTA01458628"]}