China and the U.S. are both showing sensitivities to the tariffs resulting from the trade dispute. Despite these headwinds, the U.S. widened its year-to-date advantage and we anticipate further growth in U.S. equities. Meanwhile, the stuckflation theme continues to persist globally. What other market opportunities do we see? Read Viewpoints
Read More
No longer expecting an interest rate hike in the U.S., the financial markets now foresee a potential cut. Meanwhile, evidence of an upturn in emerging market economies has been developing, the high-yield credit rally is continuing and global equities are gaining. How did we get here, what impact are these changes having on the financial …
Continue reading “Future Opportunities – Viewpoints May, 2019”
Read More
While there is evidence of improvement in the U.S., European and Chinese growth remains unclear. The weak February U.S. payroll report was countered by measures of the job market that showed more resilience, including surveys of businesses. Signs of stabilization will be a necessary support to the improved risk environment realized so far this year. …
Continue reading “Looking Forward: Viewpoints April, 2019”
Read More
Economic releases this year have shown better momentum in the United States, while European and Asian reports have been more mixed. What does this mean for investors? Read Viewpoints
Read More
Two developments support the outlook for risk taking: Investor gloominess in late 2018 shifted market expectations for 2019 too far and indications that the U.S. Federal Reserve will pause rate hikes for the first half of 2019. Fourth quarter sell-off in financial markets alongside the Fed’s more dovish commentary has moved us off our neutral …
Continue reading “Two developments support the outlook for risk taking: Viewpoints, February 2019”
Read More
Global growth peaked earlier in 2018 and is now showing signs of slowing, but so far the U.S. Federal Reserve has not indicated any plans to back off its plans to raise rates. Trade frictions and Brexit negotiations continue to weigh on economic activity and are unlikely to be resolved quickly. In light of these …
Continue reading “Watchfully Waiting: Viewpoints December 2018”
Read More
Momentum – both economic and political – is shifting across the developed world. Europe started the year with the strongest growth outlook, but that has now shifted to the United States.
Read More
If recent economic trends could be summed up in one word, it would be “moderation.” In the United States, growth and inflation are moderating, which is likely to force the Federal Reserve to moderate its desired pace of rate increases. How will this trend of moderation affect your portfolio? Read Viewpoints
Read More
Equity markets face ongoing volatility and tough trade talk continues to hang over the markets. Despite this, and some negative surprises in economic reports, market measures of risk remain stable. After separating out the fundamental change from the noise, what do we see? Read Viewpoints
Read More
