Market Outlook
Featured Market Outlook
Recession Indicators Update
Lessons from 1998-2002
There are many parallels between today and 1998-2002, but the current environment lacks that period's overvaluation and cyclical excesses.
Markets Now: Review and Outlook
Our short-term economic outlook improved to neutral in April and we continue to believe U.S. stocks are positioned to outperform U.S. bonds as well as international developed market stocks in the near-term.
Why Are Oil Prices Up Amid Growth Concerns?
Oil prices have held up well despite data that suggest global growth is weakening.
Small-cap stocks
Can the rally keep running?
History suggests that small-cap stocks may have more room to run, but some companies appear better positioned to lead than others.
Q2 Market & Strategy Update
Central Banks: 'Extend the expansion'
While the global growth rate has moderated and is still very modest, we expect it to be slightly better than 3.5% for the year. We view the recent inversion of a portion of the yield curve as a yellow warning sign rather than a flashing red signal of imminent recession.
Market Outlook
Tariff Trouble? Consider Cyclicals
Trade war talk has unleashed a wave of volatility that may be best surfed by looking at small-cap cyclical stocks.
Around the Curve
The Euro: Unloved, Unwanted, Ready to Rally
Despite the clouds, could the euro be set to appreciate as negative sentiment weakens and fundamentals improve?
Tariffs and Inflation: Not Particularly Worrisome
The bond market will be looking for any indirect impacts from the tariffs, which could stem from changes in financial conditions or changes to the global growth outlook.
Mid Week Bond Update
U.S. Consumers: The Debt Debate
Are newly cautious U.S. consumers behind the world's low interest rates?
Mid Week Bond Update
U.S. Growth: Lower-flation and the Fed
Inflation expectations in the U.S. remain stubbornly low.
Assessing the Health Care Selloff
Why ClearBridge believes recent headwinds have been largely sentiment driven and that strong fundamentals remain intact across key health care subsectors.
Mid Week Bond Update
U.S. Rates: The Fed at Work
The Federal Open Market Committee (FOMC) has more on its mind than the date and direction of its next move on rates.
Around the Curve
Stocks: Five Currency Myths Debunked
Over the years, we've observed some widely held misconceptions about currencies’ role in global equity investing.
Mid Week Bond Update
U.S. Municipal Bonds: Different Drumbeat
The flattening of the yield curve for munis might have a different significance than what's been seen in the yield curve for Treasuries.
Q1 Macro Commentary
The End of Normalization
Confidence in the global economy a year ago led policymakers to move too far and too fast -- ultimately hurting growth. Fortunately, the pendulum appears to be swinging the other way.
China GDP: To Worry, or Not?
China's strong GDP performance in Q1 was a surprise to the upside. But is the economy enjoying a longer-term turnaround?
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