For a market that is anticipating two more cuts through the end of next year, expectations may need to be tempered.
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.
Investors may want to consider reducing exposure to European financial markets during this period of heightened political, economic and policy uncertainty.
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.
Written by ERISA Strategist Dan Notto, this bulletin discusses insights from our 2019 DC Plan Sponsor Survey
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.