Multi-Asset Solutions Strategy Report

We review trends across markets and economies, consider what they mean for our multi-asset portfolios and present a positioning update.

American flag over building
2024-11-27

Parsing the market impact of the Trump economic agenda

This month’s report examines the Trump economic agenda, focusing on immigration, tariffs, deregulation and fiscal policy. We expect the agenda will be mostly market-friendly, but not without risks.

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By John Bilton
JB
John BiltonHead of Global Multi-Asset Strategy in Multi-Asset Solutions
, David Lebovitz
DL
David LebovitzGlobal Strategist in Multi-Asset Solutions
, and Kennedy Manley
KM
Kennedy ManleyGlobal Strategist in Multi-Asset Solutions
2024-11-27
Bridge in clouds
2024-11-01

The U.S.: An extension of the economic cycle

This month’s report explores economic developments in the U.S. and China that suggest the global expansion likely stays on solid footing, underpinning our preference for U.S. large cap and emerging market (especially Asian) equities and European bonds.

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By Tyler Bircher
TB
Tyler BircherGlobal Strategist in Multi-Asset Solutions
, Preeti Parashar
PP
Preeti ParasharGlobal Strategist in Multi-Asset Solutions
, and 2 others
SS
Sylvia ShengGlobal Strategist in Multi-Asset Solutions
TM
Thushka MaharajGlobal Strategist in Multi-Asset Solutions
2024-11-01
Bridge in clouds
2024-08-29

Cycle extension, not recession

This month’s report explains our view that moderating U.S. economic growth momentum is benign, not a recession precursor. Our portfolios favor U.S. equities and are neutral U.S. duration.

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By Ayesha Khalid
AK
Ayesha KhalidGlobal Strategist in Multi-Asset Solutions
and Sylvia Sheng
SS
Sylvia ShengGlobal Strategist in Multi-Asset Solutions
2024-08-29
Plane in the clouds
2024-07-25

The soft part of a soft landing

June’s mixed data, and the quarterly earnings results outlook, support the team’s constructive views: Our portfolios are overweight equity and credit and modestly underweight duration.

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By David Lebovitz
DL
David LebovitzGlobal Strategist in Multi-Asset Solutions
2024-07-25
Tokyo City Hall
2024-05-31

Shifting dynamics in Asian markets

China’s recent equity rally may not be sustainable, while the structural case for Japanese stocks remains intact. The team’s equity overweight includes a preference for U.S., European and Japanese stocks.

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By Preeti Parashar
PP
Preeti ParasharGlobal Strategist in Multi-Asset Solutions
and Sylvia Sheng
SS
Sylvia ShengGlobal Strategist in Multi-Asset Solutions
2024-05-31
Men working on a building
2024-04-26

What a surge in U.S. migration means for markets

The prospect that increased migration could help keep a lid on wage inflation in coming months supports the team’s preference for risk assets, including U.S. equity and shorter-duration credit.

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By Michael Albrecht
MA
Michael AlbrechtGlobal Strategist in Multi-Asset Solutions
, Tyler Bircher
TB
Tyler BircherGlobal Strategist in Multi-Asset Solutions
, and Ayesha Khalid
AK
Ayesha KhalidGlobal Strategist in Multi-Asset Solutions
2024-04-26