For a market that is anticipating two more cuts through the end of next year, expectations may need to be tempered.
Following this shake-up, the odds of a no-deal Brexit, not so long ago a strong possibility from the hardline Conservative administration, have declined.
Monday’s spike in the repo rate is not extraordinarily worrisome, given both the context surrounding its timing and the availability of potential remedies.
The past few weeks have seen momentum and growth trades come under pressure, with value outperforming growth.
We cut the chances of recession to 25% after a thaw in the trade war and a year of rate cuts; our forecast is for sub trend growth. Favored sectors include emerging market local currency debt and higher rated short-duration securitized credit.
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.
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.
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.