Market outlook
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Mile 18 of a marathon market cycle: expect low returns to the finish
Near mile 18 of a 26-mile U.S. market cycle, with some sore spots emerging, see what global asset classes offer the most—and least—attractive return prospects.
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U.K. election ends in dismay: what happens now
Following the U.K.’s general election, a hung parliament renders the country’s politics—and economy and markets—into a veritable choose-your-own-adventure book. See the implications for investors now.
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U.S. payrolls: one for the doves, but we still expect a June rate hike
See why the May nonfarm U.S. payrolls report was one for the doves, though it was not sufficiently weak to cause the Fed to take its foot off the gas pedal.
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Victory for Macron, but challenges ahead
Even if the Front National does not win a significant number of seats in the upcoming National Assembly elections, Le Pen will likely manage to shape and direct political discourse from the sidelines.
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Secular stagnation-not dead yet
Investors have become more bullish about economic growth, inflation, and interest-rate projections. See why we think the anticipated magnitude and timing of this upturn is too optimistic.
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Time remains in this market cycle, but expect muted returns
The art of asset allocation resides in maintaining globally diversified exposure across capital markets—finessed by favorable relative calls on the margin. See where we’ve leaned in—and lightened up.
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Hard Brexit is better than no deal
British Prime Minister Theresa May triggered Article 50 on March 29. See why a U.K. departure from the EU remains a risk many investors are monitoring closely.
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Another pivotal year of European elections
U.S. political risk isn’t the only threat to the global economy right now. See why the behavior of policymakers and voters across Europe will have major implications for investors in 2017.
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Mind the market rotation
We’re inclined to tilt more toward stocks and less toward bonds in a globally diversified portfolio. Emerging-market equities, in particular, offer attractive risk-adjusted return potential.
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An uptick in market sentiment calls for cautious optimism
While Election Day in the United States has come and gone, extreme economic uncertainty accompanies this particular transition of power. See why we expect key unanswered questions to persist.
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