Themes and implications from the Global Equities Investors Quarterly
The food fight between the President and the Fed Chair could result in too much easing, and the expansion of valuations beyond sustainable levels. The other food fight: leveraged loan issuers vs buyers. Issuers are winning this fight hands down due.
This year, central banks have become more dovish and consequently bond yields have fallen.
As global energy intensity declines and petroleum supply becomes more flexible, a damaging late-cycle oil price spike appears less likely.
A relatively benign G20 summit and expectations for easier financial conditions ahead have boosted demand for emerging market debt. However, areas of value can still be found.
With the European Central Bank (ECB) almost certain to start quantitative easing again, what is the outlook for European credit?
Updated each quarter, the Guide to the Markets illustrates a comprehensive array of market and economic trends and statistics.
A summary of the factors driving global markets over the last month.
Another week of dovish central bank rhetoric suggests that rate cuts are a near certainty in the US and Europe. Will easier monetary policy fulfil its objective of preventing recession, and what will be the implications for currency markets?
We expect the US dollar to underperform ahead of the first Federal Reserve (the Fed) interest rate cut of this cycle.