Updated Wednesday, September 17, 2014 as of 3:30 AM ET
2014 Midyear Outlook: Muted Expectations for Stock and Bond Returns
 

In the first half of this year, global stock and bond markets displayed notable resiliency, defying expectations with respectable gains, rising valuations, and progressively lower volatility. In the process, though, risk perceptions have been heightened: Global bond markets are still threatened by the prospect of rising U.S. interest rates over the next year, and a downturn in the aging U.S. bull market could occur at any time.

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