Market Outlook
Featured Market Outlook
Around the Curve
The Diverging Fortunes of Emerging Markets
The COVID pandemic highlights the quality differentials within the EM debt universe.
Around the Curve
COVID-19: Social and Economic Consequences
The pandemic has created a fertile environment for social unrest, with much depending how well governments address the crisis and the subsistence needs of their citizens.
Markets Now: Review and Outlook
Our tactical model now prefers U.S. stocks to investment grade bonds, with U.S. stocks positioned to outperform their international counterparts.
Asia Economic Chartbook
North Asia and COVID-19: First In, First Out?
Is the COVID-19 pandemic on the wane in North Asia?
Assessing earnings and the markets
Why equity investors are looking beyond the current earnings recession to a gradual economic recovery.
Market Outlook
2Q20 Small-Cap Recap
A Typical Rebound in Atypical Times
After a big second quarter rebound, what’s next for small-cap stocks?
Recovery Indicators Update
Green Shoots Begin to Emerge
The ClearBridge Recovery Dashboard improved to a cautious yellow in May on upgrades to credit spreads and initial jobless claims.
Around the Curve
Fighting deflation now, causing inflation later?
Will the recent worldwide fiscal and monetary moves set the stage for an inflationary future?
Market Commentary
Uncertainty and Investment-Grade Credit
Investment-grade credit could offer substantial value, even in the current uncertain economic environment.
Emerging Market Debt
EM: Liquidity and Opportunity
For EM debt, the lower liquidity of recently volatile markets could provide more opportunity than in more tranquil times.
Market Update
Global Investment-Grade Credit: Now is the Time
In a still unpredictable environment, global investment-grade credit could offer the potential for capital gains, income and liquidity.
Mid Week Bond Update
The Dollar: Priced to Perfection or Overvalued?
The U.S. dollar has benefited from the risk aversion generated by COVID-19. But longer term, is the greenback ahead of itself?
Currency markets
The Dollar is King...Or Is It?
Risk aversion is helping support U.S. dollar for now, but the longer-term outlook remains clouded by uncertainty.
Global bonds
The Outlook for Italy
After a dramatic policy response to COVID-19, what's next for Italy's economy and bond markets?
Around the Curve
Depression, Recovery and the Risk of Time
The longer economic activity stays below normal, the greater the potential for irreversible deflationary feedback effects.
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