Clues and commentaries on the global prospects for stocks, bonds and alternatives.
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Is the Interest Rate Honeymoon Over?
ClearBridge | July 10,2015

Hersh Cohen offers perspective on issues affecting the equity market

  • Despite a negative first quarter GDP report, some signs of improvement in the economy have been interpreted as a signal to the Federal Reserve to move on rates.
  • Further, there is a growing sentiment that the ultra-low rates have become counterproductive.
  • These are far from normal times and therefore it becomes difficult to predict the reaction when there actually is some Fed action. In our opinion, the most likely scenario is that any rise will be very small and therefore not overly disruptive.