Featured Insights
Recession Indicators Update
A Pivotal Year for Equities
Our Recession Risk Dashboard continues to indicate a cautionary yellow signal with no changes this month, while valuation and allocation trends suggest a positive, albeit choppy, market in 2020.
Federal Reserve Outlook for 2020
The Fed’s inflation focus implies a high bar for rate hikes in 2020. Further cuts this year cannot be ruled out if inflation continues to undershoot the Fed’s target.
Small Cap Outlook
The Year of the Pivot
After a year of unrealized investor fears ended with impressive gains, what’s next for small-cap stocks?
Municipal Market Update: December
Western Asset examines recent trends in the muni bond market and provides its outlook about conditions ahead.
What Currency Manipulation?
Understanding the real significance of the U.S. Treasury's recent reversal on China's currency.
Chart of the Week
Chart courtesy of Western Asset. Sources: Bureau of Labor Statistics, Haver Analytics, Bloomberg and New York Federal Reserve, as of 12/31/19. 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.
The Fed: Waging War for Inflation
Chart of the Week
Market Snapshot
Diversification: 3 Choices Now
Market Snapshot
The idiosyncrasies of niche markets can provide opportunities but require professional expertise.
Featured Insights
Economic focus
U.S. Inflation: Heading Higher?
The forces keeping inflation restrained in the U.S. are both global and local.
Mid Week Bond Update
Currency Volatility: Quiet Times
At an all-time low, what does currency volatility say about today's market conditions?
Dividend stocks
Should I Pay or Should I Grow Now?
Stocks with high current dividends and stocks that consistently increase dividends both have unique characteristics that can affect investor outcomes.
Mid Week Bond Update
U.S. Inflation: Managing Expectations
Low expectations are making the Fed's battle to boost inflation harder.
Income from global portfolio diversification
For Australian investors, a larger global allocation vastly increases the flexibility available to potentially generate income and total return.
Markets Now: Review and Outlook
A decline in global trade pushed our proprietary leading economic indicator into very negative territory.
FX Volatility: It May Be Low, But It's Not Cheap
Fair value for currency volatility reflects current market conditions.
Mid Week Bond Update
U.S. Corporates: Strong for the Duration
Historically high duration and spreads near cyclical lows reflect a favorable environment for U.S. Corporates.
Around the Curve
ESG and Bond Ratings: Opportunities in Credit Analysis
As a participant in working groups for the UN-supported Principles for Responsible Investment (UNPRI), Brandywine Global supports better clarity on how ratings agencies are integrating ESG into their analysis.
Asia Pacific ex-Japan
Megacities: A Supersized Opportunity
Over half of the world’s megacities will be in the Asia Pacific ex-Japan region by 2030, representing a multi-decade opportunity for investment in real assets.
All investments involve risk, including loss of principal. Past performance is no guarantee of future results. Please see each product’s webpage for specific details regarding investment objective, risks, performance and other important information. Review this information carefully before you make any investment decision.
