Putnam Perspectives

Explore research driven analysis of evolving market themes.


Proceeding toward Brexit: The risks for investors

Proceeding toward Brexit: The risks for investors

With the United Kingdom beginning to move foward with Brexit, we see risks to the economy, the pound, and the markets.

More »

Buyer beware: Defensive sectors may be overvalued

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.

More »

Italy's bank troubles challenge EU

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.

More »

Why munis may still make sense after the Puerto Rico default

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.

More »

The bright side of investor pessimism

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.

More »

Why Brexit would spell trouble for the United Kingdom

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.

More »

Why the earnings recession isn’t all bad news

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.

More »

Be flexible to maneuver in unsettled markets

Be flexible to maneuver in unsettled markets

Policy and economic uncertainty increase the importance of flexible portfolio strategies that can maneuver around risks.

More »

Why value stocks could shine

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.

More »

Weighing the risks in the market cycle

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.

More »

Fed downshifts on pace of rate hikes

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.

More »

Dividends rose in 2015 despite volatility

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.

More »

Navigating rates as the Fed steers a course

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.

More »

Don’t underestimate this economy

Don’t underestimate this economy

Despite worrisome headlines about the economy, recent data show only a modest loss of momentum.

More »

Constrained credit threatens growth

Constrained credit threatens growth

Stock market rallies often need to climb a wall of worry, and we see that wall getting higher.

More »

The fixed-income risks that we favor

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.

More »

Value opportunities gain traction in turmoil

Value opportunities gain traction in turmoil

Beneath dire headlines about plunging markets, we are seeing value opportunities assert themselves.

More »

Shedding light on alternatives

Shedding light on alternatives

Classifying alternative investment strategies by objective can help to illuminate the benefits they offer to portfolio diversification.

More »

Tilting toward risk assets

Tilting toward risk assets

Despite ominous headlines, economic growth appears reasonably stable, which may be supportive of risk assets.

More »

Assembling the global growth mosaic

Assembling the global growth mosaic

Putnam's macroeconomic research identifies factors that point to continued weakness in the long-term growth potential of several major developed countries.

More »

New research road tests alternatives

New research road tests alternatives

New Putnam research offers insights to help to set performance expectations for alternative strategies under actual market conditions.

More »

The views and opinions expressed are those of the speaker, are subject to change with market conditions, and are not meant as investment advice.