Market outlook
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The Federal Reserve is not as hawkish as it might appear
Despite raising interest rates at its December meeting, the U.S. Federal Reserve has not suddenly become hawkish, and its policies continue to reflect its expectations for modest economic growth.
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The sun will rise tomorrow: postelection outlook for macro investors
U.S. voters have spoken, and we now know the results—a surprise sweep for the Republican party. The conclusion to this abnormal election cycle points to an abnormal macroeconomic prognosis.
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Trump wins U.S. presidential election: market implications
Trump's win introduces significant uncertainty to the outlook for government policy, economic activity, and the actions of the U.S. Federal Reserve.
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Election impact: three trends to watch in the coming months
The election of Donald Trump has created a number of uncertainties that could create a challenging environment for equities, but also opportunities in some sectors.
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Economic implications of the surprise Trump victory
A resounding victory for U.S. President-Elect Donald Trump caught investors worldwide off guard. Now, it's time to triage the economic implications.
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Higher global growth remains elusive amid tentative sentiment
We see a low probability of U.S. recession in the next few years, but aggregate global demand remains weak as consumers and investors await signs of greater economic recovery and political stability.
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Negative yields signal a gathering storm for sovereign bonds
In an investing world of relativity, equities look fine compared with the very low or negative returns we expect from sovereign bonds over the coming years.
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September market recap: Fed kicks the can to December
Fed inaction, stronger oil, and a lack of geopolitical flare-ups helped risk assets advance in September.
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Reaching for zero: the upshot of the Bank of Japan's new announcement
The Bank of Japan (BoJ) announced monetary policy shifts, reiterating its commitment to spur growth and inflation. However, the success of these new measures hinges on perception and execution.
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U.S. equities: why the most hated bull market of all time may surprise to the upside
We see a pair of consensus themes developing that, in our view, merits a measure of skepticism—the notion that bonds will be fantastic forever and that U.S. stocks are on their last legs.
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