Assessing the impact and possible evolution of Fed policy
Market participants remain focused on downside risks, leading pessimism, rather than optimism, to permeate the investment landscape
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.
In this paper, we assess the potential risks associated with such a strategy by stressing capital requirements using spread-implied ratings.
Market volatility has come back with a vengeance. However, higher market volatility is normal in the later stages of an economic cycle.
Investors are concerned about the deterioration of corporate debt quality.
Following two years of double-digit positive performance, emerging market (EM) equities have reversed course this year.
Markets have bounced back nicely in 2019 after a volatile December due to concerns of rising rates, peak economic and earnings growth and geopolitical tensions.
Dovish central banks, strong fundamentals and an improved outlook for China suggest that all stars are aligned for emerging markets. How long can the year-to-date rally continue?
With recent comments from the Federal Reserve sounding more accommodative and evidence of a positive turn in trade negotiations, it felt as if equity markets were finally set for some relief.