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 complete Capital Markets Outlook:
U.S. | Non-U.S.

  • 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.