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.
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.
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.
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.
Wage growth is a test for Fed policy
Wage growth has been missing from the current recovery, but the conditions are in place to test whether this is a structural challenge for the Fed.
Wishing for a weak euro
We have concerns about the indirect approach of the European Central Bank as it seeks to use a weak euro to stimulate growth.
The views and opinions expressed are those of the speaker, are subject to change with market conditions, and are not meant as investment advice.