Market outlook
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Incorporating the Russia-Ukraine conflict in a global macro outlook
For the global economy, the Russia-Ukraine conflict and its repercussions amount to a stagflationary shock. We assess the situation's impact on our medium-term macro outlook.
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Russia invades Ukraine: what's next for the markets?
Russia's invasion of Ukraine has sent geopolitical shock waves across the globe. We take a closer look at the implications for the stock and bond markets.
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Bond investors go green: Three-minute macro
Green bonds are flying off the shelves thanks to an investor push for more sustainable portfolios. We also shed light on how price earnings ratios have done during past rate tightening cycles and why Chinese credit growth may not be a boon for the global economy.
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What is quantitative tightening and why it matters?
The Fed is poised to announce plans to begin quantitative tightening soon. We examine how markets reacted the last time the U.S. central bank moved to reduce the size of its balance sheet.
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U.S. stocks flirt with correction territory
U.S. stocks have had a tough first few weeks of 2022, at one point down nearly 10%. We discuss why we believe fundamentals remain a tailwind for equities and what the implications are for portfolio construction.
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Economic road map for 2022: from stagflation to steadier growth
Shifting inflation expectations, supply chain bottlenecks, and increasingly hawkish central banks. We examine how a rapidly evolving macro landscape might affect growth in the year ahead.
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How might supply chain disruptions and inflation affect market returns
Longer than expected supply chain disruptions and persistently high levels of inflation have hurt investor sentiment. How will that affect asset returns?
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Endemic pandemic? Three-minute macro
If COVID-19 is here to stay, how should economists incorporate it into their outlooks?
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2022 outlook: don’t get too comfortable in the fast lane
The co-strategists behind our popular Market Intelligence report share their 2022 outlook for markets, inflation, central banks, rates, and more.
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The road to net zero: Three-minute macro
COP26 has us thinking about the massive expense – but also the potentially larger economic benefits – of the transition to a green economy over the coming decades. Also at the top of our minds is the continuing woes in global supply chains, while we’re also thinking that the Fed may have to change its tone (and its stance) in the coming months.
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