Capital Markets Outlook

Steer a steady course that's ready for rising rates.

  • Recent soft macroeconomic data do not rule out a June rate hike by the Fed.

  • While a strong dollar poses risk to earnings, U.S. equities remain attractive.

  • Despite headwinds, emerging markets deserve attention as their prospects diverge.

Download: Capital Markets Outlook (PDF)

  • Strategy
  • Market themes
  • Equity views
  • Fixed-income views
  • Commodities/Currencies

Asset allocations

Arrows in the table indicate the change from the previous quarter.

Source: Putnam research, as of 3/31/15. Past performance is not indicative of future results.