Featured Investment Insights
The health of the US economy will be front-and-center for markets, but five key issues in focus may also impact investors ahead of the November vote.
The challenges ahead for airlines are real, but there are reasons to invest selectively now.
Is the rapid increase in corporate borrowing this year a harbinger of tough times to come? The answer isn’t simple.
Public policy support for infrastructure to help stimulate the economy should now reflect concerns about climate change, too.
Commercial real estate
Investment in new warehouse space, market proximity and relative costs have helped boost U.S. East Coast ports and inland hubs, particularly in the Southeast.
Unanswered questions about future asset purchases could potentially undermine confidence in the Fed’s commitment.
While we see further opportunities in cyclicals, the strength of an upturn in these sectors remains highly uncertain.
Total durables orders jumped a whopping 11.2% in July, with a large 1.1% upward revision to the June estimate.
Weekly muni monitor
Absent improving fundamentals, we believe additional spread compression will remain paused.
July retail sales (excluding restaurants) are well above pre-COVID levels, but much of that took place online.
Proposals in two key states would change the landscape for the largest issuers and their investors.
Western Asset examines recent trends in the muni bond market and provides its outlook about conditions ahead.
Muni weekly update
Foreign demand for taxable munis is generating new issuance, and a potential benefit for spread investors.
Small-cap stocks are behaving in an historically familiar way, yet the first half of 2020 has been anything but normal.
The Fed is planning for a prolonged period of accommodation, and seeking to ensure its policies can be sustained as long as needed.
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