Featured Insights


Chart of the Week

U.S. STOCKS: STRONG EARNINGS SEASON

Source: Bloomberg, S&P Dow Jones Indices, August 2, 2018. Past performance is no guarantee of future results. Indexes are unmanaged, and not available for direct investment. Index returns do not include fees or sales charges. This information is provided for illustrative purposes only and does not reflect the performance of an actual investment.

 

Market Snapshot

U.S. Jobs: Still Hiring

July's employment report showed growth continuing; the Fed sounded optimistic about growth in its latest statement; the UK's rate rise was about normalization, not Brexit; China took some market-based steps in the currency market.


Featured Insights

Investment Insights
Aug 08
Investment Insights

The opening salvo

Waging War on the Fed

August 08, 2018

It was inevitable that President Donald Trump would comment on U.S. monetary policy.

Investment Insights
Jul 16
Investment Insights

U.S. – China Trade: The Challenge

July 16, 2018

Rather than intently watching both countries volley retaliatory measures, we think it’s more valuable to look at local-currency valuations and trends in China’s interest rates.

Investment Insights
Jul 16
Investment Insights

Around the Curve

Brazil Pensions: No Longer Tomorrow's Problem

July 16, 2018

We remain concerned about the pension issue – especially because it happens to be a presidential election year with no clear front-runner, which introduces an extra element of uncertainty.

Market Outlook
May 22
Market Outlook

Around the Curve

Emerging Markets: Crisis or Opportunity?

May 22, 2018

It’s easy to get caught up in the bearishness regarding emerging markets right now. So is this a time to get out of emerging markets? Or is this an opportunity for those who are underinvested?

Investment Insights
May 14
Investment Insights

Why It Pays To Clip Coupons

May 14, 2018

A rising rate environment means the majority of fixed income investors’ return in 2018 is likely to come from carry or yield and not from price appreciation. Brandywine Global's Brian Kloss sees careful selection of higher yielding securities as the key for returns and protecting valuations.

Investment Insights
Mar 28
Investment Insights

Around the Curve

Rising Rates: Creating Opportunities?

March 28, 2018

Investors responded to average hourly earnings surprising to the upside by taking yields higher. But at this juncture we believe recessionary fears are overblown.

Investment Insights
Mar 21
Investment Insights

A range-bound year

Powell's First Hike

March 21, 2018

The Federal Reserve did not disappoint at its March 21 meeting. Yet, there are some small but important changes at the Open Market Committee (FOMC).

Market Outlook
Feb 26
Market Outlook

Global Outlook: Good as it gets?

February 26, 2018

We believe economic expansion should continue into 2018. But what two known “unknowns” could complicate the outlook?

Investment Insights
Jan 31
Investment Insights

Central Banks: Behind the Curve

January 31, 2018

Stephen Smith and Brian Giuliano discuss current central bank policies and how they could have a big impact on markets in the year to come – and beyond.

Investment Insights
Jan 16
Investment Insights

Q4 2017 Review and Outlook

Betting on the Non-Evident

January 16, 2018

We believe the year 2018 will shape up to be another year of strong global growth. Many emerging markets remain in the virtuous phase of the economic cycle, while the U.S. should finally start to experience wage and price pressures.

Market Outlook
Dec 26
Market Outlook

Finding opportunities

The Year Ahead in Credit

December 26, 2017

Where does our head of global credit see opportunity next year? Gary Herbert joins Brian Giuliano to discuss global credit markets, opportunities and risks for 2018.

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