This weekly update provides a snapshot of changes in the economy and markets and their implications for investors.
The performance of the US dollar significantly diverged from relative rate spreads.
What investors should consider
Bond yields remain at or near historic lows around the world, leading to a substantial increase in the value of pension plan liabilities.
What are the growth drivers of global e-commerce?
As investors look to diversify their portfolios with uncorrelated real assets, can transportation deliver results?
Emerging Market Equity Views : Favorable global cycle and USD outlooks create a positive environment
While tariffs remain a concern, the key issue is the degree—which we deem moderate—of U.S. recession risk. The current global backdrop makes the U.S. dollar unlikely to strengthen. Earnings growth expectations are modest, valuations are undemanding