Explore research driven analysis of evolving market themes.
Buyer beware: Defensive sectors may be overvalued
Seven years into this bull market, defensive sectors have leading performance, and may be signaling more attractive opportunities elsewhere.
Italy's bank troubles challenge EU
Troubled banks in Italy pose a new challenge to the EU, one that has been compounded by the U.K.'s vote in favor of Brexit.
Why munis may still make sense after the Puerto Rico default
The July 1 Puerto Rico default highlights the risk of negative headlines for an asset class that is generally in solid fundamental condition.
The bright side of investor pessimism
A widely followed measure of investor sentiment is showing historically low levels of bullishness. This pessimism could be good news for equities.
Why Brexit would spell trouble for the United Kingdom
Several risks exist for U.K. stocks and European markets if what is known as Brexit wins approval from British voters.
Why the earnings recession isn’t all bad news
An earnings recession can be a sign of market weakness, but for investors it has much different implications than an economic recession.
Be flexible to maneuver in unsettled markets
Policy and economic uncertainty increase the importance of flexible portfolio strategies that can maneuver around risks.
Why value stocks could shine
Investors looking at equity allocations should consider the wide valuation dispersion between growth and value stocks in today’s market.
Weighing the risks in the market cycle
At this point of the market cycle — nearly seven years after the last bear market — positive and negative forces have struck a near balance.
Fed downshifts on pace of rate hikes
The Fed's “dot plot” in March, representing individual forecasts by 17 Fed policymakers, showed a reduction in the number of rate hikes for 2016.
Dividends rose in 2015 despite volatility
A majority of the companies in the S&P 500 Index have increased their dividend each year for several years running.
Navigating rates as the Fed steers a course
With the Fed embarked on a cycle of interest rate increases, investors face a challenge to navigate rates in their fixed-income portfolios.
Don’t underestimate this economy
Despite worrisome headlines about the economy, recent data show only a modest loss of momentum.
Constrained credit threatens growth
Stock market rallies often need to climb a wall of worry, and we see that wall getting higher.
The fixed-income risks that we favor
We see more attractive fixed income risks outside of interest rates, in part because U.S. economic growth may warrant more rate hikes by the Fed.
Value opportunities gain traction in turmoil
Beneath dire headlines about plunging markets, we are seeing value opportunities assert themselves.
Get ready for 2016 with a glance at 2015
Markets offered a number of surprises in 2015 — quickly catch up on major events and the thinking of Putnam portfolio managers with this dynamic timeline.
Shedding light on alternatives
Classifying alternative investment strategies by objective can help to illuminate the benefits they offer to portfolio diversification.
The views and opinions expressed are those of the speaker, are subject to change with market conditions, and are not meant as investment advice.