Market Outlook
Featured Market Outlook
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.
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?
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.
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.
Market Outlook
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.
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?
Midweek Bond Update
German Yields: Negative Charge
Despite recent rate-cutting by central banks, German bund yields have been creeping higher.
Mid Week Bond Update
Yield Curve: The Old Normal
The shift back to an upward-sloping yield curve doesn't necessarily mean that the threat of recession is no more.
Around the Curve
Beyond Pessimism: What Could Go Right
Six factors that could act as positive catalysts for markets.
Q4 Market and Strategy Update
Global Growth: Slow but Resilient
With core inflation below even our more dovish estimates, we expect global growth to remain low by historical standards -- but also resilient.
Mid Week Bond Update
Liberation from LIBOR
What to expect as LIBOR, one of the world's key reference rates, is phased out in favor of new measures.
Brazilian stocks: Turning point?
Several exciting developments that bode well for Brazilian stocks may be going largely unnoticed by investors outside the country.
Recession Indicators Update
Recession Lessons: A Look Back at 1990
Our Recession Risk Dashboard continues to signal caution, with no changes from September. Meanwhile, we continue to explore how the model would have fared ahead of past pullbacks -- such as the recession of 1990.
Mid Week Bond Update
Russia: Fully Priced?
After strong returns in recent years, what's next for Russia's bonds and the ruble?
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