Explore research-driven analysis of evolving market themes


Global growth outlook cools amid higher interest rates and market volatility

Global growth outlook cools amid higher interest rates and market volatility

The outlook for global growth in 2019 has slipped because of rising real interest rates, trade tensions, and asset market volatility.

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The upside of the downturn

The upside of the downturn

Equity investors worldwide greeted the new year with an array of heightened concerns.

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Securitized debt: Building blocks of a diversified portfolio

Securitized debt: Building blocks of a diversified portfolio

Securitized debt may be used to create a diversified portfolio through various risk exposures

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ESG outlook for 2019

ESG outlook for 2019

We see increasing evidence that systems thinking is becoming more prevalent and influential throughout corporations and the investment community.

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We see a mid-cycle slowdown, but upside on the horizon

We see a mid-cycle slowdown, but upside on the horizon

As the S&P 500 Index teetered on the verge of a bear market at year-end, we fielded numerous questions about the prospects for an impending recession.

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The U.S. economy’s slow fizzle

The U.S. economy’s slow fizzle

There are signs of weakness in major U.S. economic indicators, including home building and investments, raising concerns that one of the longest periods of economic growth in U.S. history may be coming to an end.

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What November means for 2019

What November means for 2019

The events of November provide a fresh view of two key risks facing the economy in 2019 — a hawkish Fed and an escalation of the trade war.

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China, U.S. trade tensions will reverberate across emerging markets

China, U.S. trade tensions will reverberate across emerging markets

Emerging market equities will remain under pressure amid escalating trade tensions between China and the U.S.

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The Fed’s interest-rate gamble

The Fed’s interest-rate gamble

Global economic growth remains vulnerable in the face of escalating trade tensions, higher interest rates, and volatility among emerging markets.

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How company diversity can help performance

How company diversity can help performance

The potential to improve work performance is perhaps the most intriguing and least understood argument for diversity — and worth examining in more depth.

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October stock market volatility may signal a shift

October stock market volatility may signal a shift

Recent stock market volatility reflects a process of pricing in the fact that the global growth outlook has diverged.

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Tweets and trade tensions

Tweets and trade tensions

The outlook for global economic growth is easing because of trade tariffs, weakness in emerging markets, and rising oil prices.

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Market wild cards

Market wild cards

The global economy is expected to enjoy relatively solid growth even as emerging markets tumble and the trade wars escalate.

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Italy may be conduit for EM contagion

Italy may be conduit for EM contagion

If Italy's populist government increases government debt, prices of Italian bonds and banks could drop and trigger a larger crisis for the region and world.

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Buybacks and M&A may fuel equities, but trade conflict is a key risk

Buybacks and M&A may fuel equities, but trade conflict is a key risk

Several trends could boost equity returns, but trade negotiations create market risk.

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Downside risks loom even larger

Downside risks loom even larger

While the outlook for global growth is favorable — albeit less synchronized — the view could change if the Federal Reserve overtightens and trade spats escalate.

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The unrecognized diversification profile of securitized debt

The unrecognized diversification profile of securitized debt

Securitized debt may be less familiar to many institutions, but it offers the diversification and potential performance profile that many of them seek.

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China’s quest for artificial intelligence

China’s quest for artificial intelligence

China's hardware tech companies are embracing artificial intelligence, including self-driving cars and surveillance, as the government promotes AI hubs.

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Italy’s Political Opera

Italy’s Political Opera

Italy’s Giuseppe Conte was sworn in to power in early June to head a new populist government — made up of an unlikely marriage between the anti-establishment 5-Star Movement (M5S) and the far-right League party.

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Sustainable investing: Assessing the choices

Sustainable investing: Assessing the choices

Sustainable investing is growing in popularity, and investors should be thoughtful about choosing from a range of strategies and portfolios.

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Potential benefits of prepayment risk

Potential benefits of prepayment risk

Investors seeking strategies to diversify away from corporate credit and interest-rate sensitive sectors may consider prepayment risk.

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Are non-U.S. stocks truly cheap?

Are non-U.S. stocks truly cheap?

On the surface, U.S. stocks appear more expensive than non-U.S. stocks, but a quantitative comparison reveals the impact of sector valuations.

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China: A view through the looking glass

China: A view through the looking glass

With President Xi Jinping's second-term underway, growth in China is expected to slow in 2018 as government reins in spending.

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Looking for impact in CEO compensation

Looking for impact in CEO compensation

It’s important for investors to be able to understand how a company’s performance relates to CEO compensation.

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Using and enhancing ESG investment data

Using and enhancing ESG investment data

ESG data is having investment impact but is still evolving, and stands to benefit from feedback offered by fundamental analysts.

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Why Brazil's crisis creates new concerns

Why Brazil's crisis creates new concerns

The revelations of May 17 may pose a threat to President Temer's administration, and therefore a threat to Brazil's short- and medium-term economic outlook.

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Diversifying stable value with traditional GICs

Diversifying stable value with traditional GICs

Stable value portfolios that avoid traditional GICs may be missing a diversification opportunity that also offers liquidity.

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Recognize the value of flexibility as central banks experiment

Recognize the value of flexibility as central banks experiment

Unconstrained diversification may be valuable for fixed-income investors as markets monitor possible changes in central bank policies around the globe.

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Proceeding toward Brexit: The risks for investors

Proceeding toward Brexit: The risks for investors

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

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