As 2010 gets underway the markets are likely to continue to perform as well as they have through the latter part of 2009. However, following a solid start, we expect a challenging second half of 2010. We anticipate the extraordinary global policy efforts that created a tailwind for markets in 2009 will fade, or even transition, to headwinds that may contribute to a renewed slowdown in the economy and a potentially challenging latter half of 2010 for investors. 2010 is likely to have two distinct periods. Initially, the macroeconomic backdrop during the early part of 2010 is likely to remain favorable for investors' portfolios. But as the year goes on, a renewed slowdown in the economy may cause markets to reverse course. Here we offer our perspective on how 2010 will unfold so you may best position your investment opportunities to work with the tail, head or crosswinds impacting the markets.

 Read "From Tailwinds to Headwinds" and our 2010 Recommendations here.