Putnam’s investment professionals offer compelling analysis of evolving market themes.
The coiled-spring economy
Izzet Yildiz, Ph.D., Analyst | Michael J. Atkin, Portfolio Manager | Jo Anne Ferullo, Senior Investment Director
June 23, 2015
Despite ups and downs in quarterly GDP, we see trends that herald the economy's return to the “old normal,” pre-financial crisis pace of growth. Read more
New horizon for corporate governance
Pressure on the boards of Japanese companies to increase the return on equity for shareholders is changing the outlook for investing in Japan.
Why this bull market may lose steam
We are concerned about some challenges to U.S. equities — including a potentially difficult environment for earnings growth in 2015.
What may unlock consumer spending
While retail sales have been rather weak, key elements of consumer spending on services, including housing, are growing.
Why the Fed might move in June
We think there is a possibility that the Fed could raise rates at just about any time, including between meetings.
The outlook for high yield in the oilfield
Fundamental research offers a guide to the risk that low oil prices pose to energy companies with high yield debt.
Look beyond low oil prices for opportunity
The surge in North American production has reshuffled risk and investment opportunities in the global energy sector.
Reasons for optimism about Europe
Across Europe, we think structural change is leading to increasingly compelling opportunities for investors.
Old thinking in China raises doubts
A recent public spending plan in China suggests authorities may be revisiting old habits.
Abenomics reaches the boardroom
With the economic changes instituted under Prime Minister Shinzo Abe since he took office in December 2012 slowly taking effect in Japan, companies are increasingly under pressure to deliver higher returns ...
Earnings reports offer new clues
Our outlook for earnings growth is a bit more cautious for the coming year.
Why the economy looks solid
Despite jittery global markets, we believe consumer and trade data point to a balanced and healthy U.S. economy.
Winners and losers of cheap oil
When an asset price collapses, the pain is quick and concentrated, but the benefits tend to be more widely dispersed.
Why low oil prices may last
Oil prices are often volatile, but we see some longer term factors at work on both the supply side and the demand side of energy markets.
2015: The year of retirement savings for all workers
Will 2015 be the year that all American workers gain access to a retirement savings plan provided by their employer? It could be. While retirement policy in general did not rise to the ...
Disaggregating the Aggregate Bond Index
The importance of the Barclays U.S. Aggregate Bond Index in the investment world might outweigh the attractiveness of its risk and reward profile.
Market surprises can favor the prepared
While companies strive to meet market expectations, it's often the unexpected changes in markets that can create opportunities for active managers.
Retirement security: Start at the beginning
Until we provide greater access to employer-sponsored savings plans, thousands in this country will never be able to save enough for a dignified retirement.
Tightening supply lifts muni market
Shifting priorities for state and local municipalities is limiting new issuance of municipal bonds, data shows, and the profile of investors is changing.
The U.S. takes the policy road less traveled
The difference between U.S. and European economic growth trajectories may come down to policy paths taken or not taken.
Commodities may gain diversification potential
Oil and other commodities look unattractive from a return perspective, but their diversification potential may be improving.
Slumping world offers recovery potential
Europe and Japan, facing structural challenges, offer underappreciated recovery potential, even as emerging markets face new headwinds.
Who are the 10-percent savers?
To improve the chances of generating a comfortable retirement income, researchers today urge savers with access to a workplace retirement plan to defer 10% or more of their current salary. While saving ...
Plan sponsors tentative in approach to risk
The financial crisis of 2008-2009 forever altered the way retirement savers and retirement plan sponsors view risk. Years later, plan sponsors are more aware of key risks, but haven't taken much ...
Savers not maxing out 401(k)s
While government continues to eye potential cuts to tax-deferred retirement contributions, the average worker is not taking full advantage of the 401(k) savings maximums allowed by their employer-sponsored plan. Recent research found ...
Alternative investments gain popularity with plan sponsors
The financial industry responded to the market events of 2008 to 2009 by launching a host of alternative investment products. These products seek to diversify exposure away from traditional fixed-income and ...
Research: 401(k) savers are interested in auto escalation
While use of auto enrollment is rising among 401(k) plans, the adoption of auto escalation - where deferral rates are programmed to rise incrementally over time - has been slower, even ...
Growing the economy: Every penny saved counts
This article originally appeared on LinkedIn. One of the more underappreciated financial activities could be the most powerful tool in moving the dial on our nation's economic growth: saving. To quantify the impact ...
Investor behavior and 401(k) statements
One of the greatest challenges to achieving successful retirement saving outcomes is investor inertia. The lack of willingness to take action can result in a tendency for 401(k) savers to stay ...
The views and opinions expressed are those of the speaker, are subject to change with market conditions, and are not meant as investment advice.