Featured Insights
Recession Indicators Update
Wage Pressures Mounting
Wage pressures are mounting, which could lead to higher inflation – yet commodity prices have improved. That leaves the ClearBridge Recession Risk Dashboard overall signal unchanged at a cautionary yellow.
Fourth Quarter Outlook
Steady, Resilient Growth
Looking ahead, we think global growth will slowly improve with inflation remaining modest – continuing to favor spread sectors.
Global Equities
More Themes for 2020
Equity yields and M&A activity could support global equity markets as earnings estimates are likely to come down.
Volatility And Infrastructure Stocks
Global listed infrastructure allows investors to maintain equity exposure, but with the potential for reduced volatility when markets become turbulent.
Governance Reform Key For Japan Equities
Japanese companies are increasingly adopting governance practices geared toward enhancing shareholder value and aligning operations with global standards.
Chart of the Week
Chart courtesy of Western Asset. Source: Bloomberg Barclays, J.P. Morgan, S&P Global Market Intelligence, a division of S&P Global Inc, Western Asset, as of 11/15/2019. ¹S&P/LSTA Performing Loans Index excess return vs. 3-Month LIBOR. See definitions below. 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.
Spread sectors: The beat goes on
Chart of the Week
Market Snapshot
Yield opportunities are on the rise
Market Snapshot
Current market uncertainties are generating potential opportunities for income investors.
Featured Insights
Mid Week Bond Update
Central Banks: Still Early Days
The world's biggest central banks are all easing monetary policy. The biggest impact should be in 2020 -- but there are already signs of change.
Small-cap stocks
Why Is Health Care Attractive Now?
Political risk has pressured stock prices in the health care sector, but companies with efficiencies that can bend the cost curve still offer opportunity.
Around the Curve
Monetary Conditions: Easier Said...
There's a lag before lower rates have their full effect, and the fruits of the current easing cycle by central banks should be clearer in 2020.
Markets Now: Review and Outlook
Our composite economic indicator remains in negative territory, while valuations continue to support our view that international developed market stocks are positioned to outperform their U.S. counterparts.
Global listed infrastructure
Resilient Earnings Enhance Stability
Infrastructure assets that are regulated monopolies or governed by long-term contracts may be less sensitive to economic fluctuations.
Mid Week Bond Update
Inflation: The Long, Long Wait
Inflation and growth have failed to tick higher, despite the efforts of central banks. What are the implications going forward?
Mid Week Bond Update
Global Yields: Positively Less Negative
The value of the world’s negative-yielding debt has fallen by one-third from its August peak. What's the message for markets?
Global fixed income
The Cyclical Case for Emerging Markets
With Emerging Markets growth projected to accelerate and valuations compelling, debt markets in select EM countries merit careful consideration.
Global Equities
Key Themes For 2020
Wild cards like Brexit and the U.S. election have the potential to impact markets against a backdrop of low inflation and muted growth.
Midweek Bond Update
German Yields: Negative Charge
Despite recent rate-cutting by central banks, German bund yields have been creeping higher.
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