Michael Cembalest analyzes the performance of over 6,700 domestic and international active equity managers, and discusses the challenges they face outperforming at a time of markets distorted by quantitative easing.
The US recovery is now the longest on record. Nobody knows exactly how much longer this expansion will last.
In tandem with the escalations and setbacks in the trade war since midyear, policy uncertainty has risen significantly above its long-term average. This policy uncertainty could ratchet the economic outlook in either direction.
An update from the front lines of the Trade War, with a focus on implications for investors
The theory of negative interest rates is straightforward, but the practice is not. What do negative rates mean for savers?
Incorporating Environmental, Social & Governance
Last week, the US Federal Reserve (Fed) cut the federal funds target rate by 25 basis points to a range of 1.75%–2.00%, citing global developments and muted inflation pressures.
A possible change in Chinese currency policy?
Predicting recessions is not easy and we do not claim to have uncovered a perfect crystal ball. What we have developed is a framework for tracking the risks, and potential magnitude, of a downturn in the US economy.
US Economy Health Check chart book