Market outlook
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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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Beyond the headlines: why healthcare merits an upbeat outlook
We believe extraordinary breakthroughs in disease treatments will continue to command premium pricing, but to afford these novel advances, payers will need to identify ways to save money elsewhere.
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Asset class roundup, beginning with an economic case study in Canada
If Canada is a window into emerging economies, which are more opaque than their more mature counterparts, then the developing world is in better shape than the consensus would have us believe.
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Brexit could be a game changer for the United Kingdom and Europe
The consequences of the U.K.’s Brexit vote to leave the European Union are likely to be far reaching, from a flight to quality in financial markets to the heightened risk of a U.K. recession.
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Brexit's immediate implications foreshadow longer-term consequences
Brexit won’t be an unmitigated disaster for the United Kingdom, but it will certainly be negative. The impact on the rest of the EU, and therefore the global economy, may well be even bigger.
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