Executive summary of JPM's long-term capital market return assumptions
Markets, economy, stocks, growth, global, fixed income, international, asset classes
We raised the probability of Recession to 55% after virus-induced shocks, oil prices’ collapse and violent market volatility. We are de-risking, adding very high quality duration, while expecting credit markets to cheapen and reserve currencies to do well
David Kelly, the Fed, interest rates
Implications for insurance capital requirements
Dividend paying stocks offer investors income & a valuable source of total return in an environment of uncertain capital growth.
This paper examines the U.S. commercial mortgage loan (CML) market and U.S. insurers’ investments in CMLs.
The insurers' moment: Credit lending after the crisis