Featured Insights


Chart of the Week

Source: Bloomberg, as of 7/18/16. Past performance is no guarantee of future results. An investor cannot invest directly in an index. Unmanaged index returns do not reflect any fees, expenses or sales charges. This information is provided for illustrative purposes only and does not reflect the performance of an actual investment.

EM Stocks: Cushioning the Ride

There’s potential for investors to participate in emerging market equity opportunities with more acceptable levels of volatile through proper stock selection.

Market Snapshot

US growth: Summer sizzle

So far, so good

The US economy is having a solid summer so far; with a dovish Fed, more growth may need new tools. Meanwhile, Europe is feeling the first impact of the Brexit vote; China's currency continues to play a supporting role in global trade.


Insights

Market Outlook
Jul 27

Mid-Week Bond Update

No helicopter ride for Japan

Further monetary easing or prospects of such in Europe and Japan lifted traditional risk assets over the past five trading days, especially Asian and European High Yield bonds. Japan unveiled yesterday a 28 trillion yen (US$265bn) stimulus package to bolster its ailing economy. The measures, however, fell short of some investors’ expectations of a so-called “helicopter money” policy, or the direct handing of cash to businesses and consumers. Global sovereign bonds underperformed their corporate peers, led by the US, where improving economic data pushed up expectations of a rate hike, sending Treasury prices lower.

Market Snapshot
Jul 22

So far, so good

US growth: Summer sizzle

The US economy is having a solid summer so far; with a dovish Fed, more growth may need new tools. Meanwhile, Europe is feeling the first impact of the Brexit vote; China's currency continues to play a supporting role in global trade.

Investment Insights
Jul 21

Volatility: Here Today, Gone Tomorrow

Volatility is an inevitable part of investing and when markets get bumpy opportunities can emerge for patient, value-oriented investors.

Market Outlook
Jul 21

A Powerful Backdrop For Credit

Western Asset continues to be cautiously optimistic that global growth will hold up, but is cognizant that Brexit has introduced new uncertainties. Western’s central theme remains that favorable valuations, strong fundamentals and reasonable growth are a powerful backdrop for credit.

Investment Insights
Jul 19

For your consideration

Five Reasons to Like U.S. Stocks Now

There's no shortage of anxiety in today's financial markets – whether it's geopolitics, valuation, or unprecedented global central bank policies. But where there's doubt, there can be opportunity. These five factors are worth considering for stocks in the U.S.:

Market Outlook
Jul 18

Munis Shine in 2Q16

Municipal bonds outperformed their taxable counterparts in the second quarter and Western Asset still has a somewhat optimistic outlook for the sector going forward.

Market Snapshot
Jul 15

Wallets at the ready

US consumers to the rescue?

Slow, steady growth spread to the consumer sector in June, with retail sales perking up right along with consumer prices. Meanwhile, Japan's election gave Shinzo Abe a historically free hand for reform, both economic and military, and China growth showed the benefits of government support.

Market Snapshot
Jul 08

US jobs: Risk-on, but for how long?

Friday’s jobs report cheered markets; good news was perceived as good news, given broad-based belief in a still-dovish Fed. Meanwhile, the three-way tug-of-war between Italy's central bank, a preoccupied ECB and a regional Italian bank continued.

Market Outlook
Jul 07

Mid-week Bond Market Update:

Keep Calm (The Fed's on Hold)

Developed market sovereign bond yields extended the rally started on June 23, when the UK voted to leave the European Union (EU). Supported by hopes of further global central bank easing to tame the effects of the vote, US, German and Swiss bond yields, among others, reached fresh record lows.

Market Snapshot
Jul 01

Market Liquidity: The dog that didn't bark

While beginning the adjustment to a changing economic and political landscape, world market liquidity appeared to hold up well, thanks to careful central bank management. Meanwhile, Puerto Rico got a much-needed break.

Market Outlook
Jul 01

Small-Cap Value Remains Strong

Chuck Royce and Francis Gannon discuss why the combination of earnings and valuation could bolster small-cap value’s leadership in the current cycle.

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