The past few weeks have seen momentum and growth trades come under pressure, with value outperforming growth.
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.
Investors were disappointedInvestors were disappointed that trade tensions re-escalated and the Fed viewed their actions as a “mid-cycle adjustment".
Consumer sentiment, wage growth, industrial production and high yield spreads can help explain stock market valuations measured by the P/E ratio of the S&P 500
Bond yields remain at or near historic lows around the world, leading to a substantial increase in the value of pension plan liabilities.
Our Global Emerging Markets portfolio managers demonstrate why long-term investors are in a strong position to take advantage of compound earnings growth.
On July 31st, The Federal Reserve (Fed) cut rates for the first time since 2008. In the immediate aftermath of this cut, the U.S. Dollar strengthened.
Without a dramatic improvement in the next few weeks the Fed will likely be forced into further rate cuts before the end of the year.
It suggest we need to be creative about how we cobble together diverse and sustainable income streams for our clients.
A slowdown is coming sooner rather than later. Investor should remain cautiously optimistic to environment growth, with a bias on quality and eye on duration.