Themes and implications from the Global Fixed Income, Currency & Commodities Investment Quarterly
With the U.S dollar having strengthened 6.6% in the last six months, investors are beginning to question whether the dollar has fundamentally changed direction after declining in 2017.
The 2Q18 earnings season has begun, with the major banks kicking things off at the end of last week. We expect many of the themes that dominated earnings announcements in the first quarter to continue in the second
For a market that is anticipating two more cuts through the end of next year, expectations may need to be tempered.
Bond yields remain at or near historic lows around the world, leading to a substantial increase in the value of pension plan liabilities.
Investors may want to consider reducing exposure to European financial markets during this period of heightened political, economic and policy uncertainty.
Investment perspective on climate risk with note from Jamie Kramer, highlighting out commitment to sustainable investing, how climate changes is an investment risk, our approach to managing climate risk, and our capabilities.