1. We will NOT have a recession in 2020.
2. No recession, but the global economy still will NOT grow in line with its potential.
3. Global rates are NOT going to rise a lot.
4. We will NOT have a full resolution to the trade issues.
5. Risk assets** are NOT going to have a spectacular year.
6. Value is NOT going to come back roaring.
7. The US dollar will NOT weaken significantly.
8. Credit defaults are NOT going to rise a lot.
9. 2020 will NOT be a high volatility year.