The Fourth Industrial Revolution: Digital, data, and debt disruption


Our 2019 forecast for markets, economies, and portfolios.

  • Horizontal digitization of technology across economic sectors
  • Labor productivity’s race against the clock
  • Rates and the global debt super cycle

Twenty years ago, MSCI and S&P Dow Jones indices developed the Global Industry Classification Standard and defined sectors and industries for the equities market more or less as we know them today. This provided a rational and intuitive way of discussing certain companies that were part of the same sector and exhibited certain consistent traits in the nature of their businesses. Fast forward to 2018, and the lines are blurred between what is a “tech” company and what is not.

Please see important disclosures at the end of the article.

Tony Roth


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