Explore research-driven analysis of evolving market themes
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- Brian S. Freiwald, CFA, Portfolio Manager
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- Karan S. Sodhi, CFA, Spencer Morgan, CFA, and Andrew J. Yoon, CFA
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- Onsel Emre, PhD, CFA, Analyst
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The Fed’s flexible new policy
The Fed announced a shift in its approach to monetary policy and the new strategy can be viewed as a flexible form of average inflation targeting.
The future is happening faster now
We rarely see as much disruption as we have seen in 2020, and we believe this offers investment opportunities.
Deglobalization creates new winners in China
The trade war, pandemic, and the Made in China 2025 initiative are resulting in a deglobalization trend and opportunities in China.
Staying at home increases spending on homes
As the economy continues to be challenged by the COVID-19 pandemic, we are seeing two notable trends in the U.S. housing industry.
V-shaped recovery proving elusive
The U.S. and global economic recoveries are unlikely to be “V-shaped” as businesses and consumers remain wary of returning to pre-pandemic behavior.
Bonds ride the Fed wave as volatility returns
Global financial markets proved to be surprisingly resilient during the second quarter.
Vaccine is a wild card for the economy
A vaccine for the coronavirus will be supportive of risky assets even if the economic benefits take longer to materialize.
Risk sentiment swings with Fed tapering
Without a proactive Fed, the rally in risk assets would be in trouble.
Stocks are on their feet again, but not ready to run
Despite progress on the virus, we think the markets may stay unsettled and we favor reducing overall risk.
Mid-year insights: Assessing the risks
We discuss the potential impact of a second wave of the coronavirus and we offer insights on how businesses are faring as COVID-19 restrictions, are eased.
Europe displays rare unity over relief fund
In a step toward closer ties, European Union leaders plan to discuss a recovery fund for countries hardest hit by the pandemic.
Company diversity and social justice
Company diversity is a step toward equity and equity is a step toward inclusion, which is important to company success.
U.S.–China war of words playbook
The politics of the U.S.–China relationship have clearly become more complicated recently. The war of words over China’s handling of the coronavirus outbreak and the proposed new Hong Kong security law has the potential to create headwinds for the global economy and financial markets.
Disruptive change: A growth driver for small companies
Disruptive change is often the force that enables small companies to compete against their larger peers.
Navigating market turmoil: Our intrinsic value compass
Our investments in the communications sector help illustrate our intrinsic value approach to finding opportunities.
U.S. economic fog lifts slightly
It is encouraging that some stabilization has started in the United States and the economic data fog is lifting just a little; but we forecast a low probability of a "V-shaped" recovery.
Sustainability research: A week in the life of our team
Our research includes discussions with company managements, other researchers and investors, industry and subject experts, and non-profit organizations.
Behavioral shifts bring potential investment opportunities
Many businesses that have been resilient and strong during the COVID-19 crisis are likely to become even stronger in the aftermath.
Coronavirus tests limits of U.S. stimulus plans
The pandemic is testing the policy responses from the Federal Reserve and Congress to boost the U.S. economy and calm financial markets.
Sustainable value: Gender diversity on corporate boards
Diversity in companies — including gender diversity — can have a positive impact on company performance and strategic ability.
Stumbling toward a fiscal equilibrium in the eurozone
The economic impact of the coronavirus pandemic in Europe will be severe amid efforts by policymakers, including the ECB, to cushion the blow.
Bracing for a slow U.S. recovery
U.S. economic recovery will likely be slow and halting as coronavirus health risks cast a shadow on demand.
ESG issues alive in healthcare
Our team analyzes medical costs and access as ESG issues affecting human well-being and sustainable economic development.
Perspectives on COVID-19
Putnam’s health-care analysts and portfolio managers offer their outlooks and perspectives on key aspects of the COVID-19 pandemic.
Oil’s wild ride and what lies ahead
Demand for oil has collapsed as the coronavirus pandemic devastates the global economy and curbs much of the need for fuel from companies and consumers.
Navigating bond yields
The trajectory of bonds yields will depend on the Federal Reserve's policies and fiscal stimulus amid a sharp global economic downturn.
Investing for growth in volatile markets
Putnam portfolio managers discuss managing risk and finding investment opportunities in challenging markets.
Social distancing generates recession
A recession is looming in the U.S. as COVID-19 and social distancing take a toll on economic activity.
Equity opportunities in challenging markets
Putnam’s equity investment professionals recently discussed market conditions, Putnam strategies, and their outlooks.
Manager insights: Bulls, bears, and bond markets
With the extreme swings in the market over the past few weeks, several of Putnam’s senior fixed-income managers shared their insights on the bond markets
Manager insights on current volatility
Putnam Investments hosted a webcast featuring insights on current volatility and the COVID-19 pandemic from three senior investment managers.
Slowing the spread of Covid-19 entails economic disruption
The global economic outlook has deteriorated because of the coronavirus pandemic and rising supply and demand disruptions.
The Fed reacts to coronavirus economic risks
The Fed made a proactive move to reduce the federal funds rate by 50 basis points.
The impact of coronavirus on markets
The spread of coronavirus infections is having an impact on China’s GDP and on financial market sentiment worldwide.
Is another round of Fed rate cuts looming?
The Federal Reserve may lower its benchmark interest rate by 50 basis points in 2020 if sustained financial market stress affects economic activity.
Solutions to antibiotic resistance
As the focus on natural ingredients intensifies, so has concern about antibiotic use in food production.
Waiting for the next wave of growth
We believe the global economy will continue to bounce around the current growth pace. Trade, manufacturing, and oil, along with geopolitical risks, will play a role in determining the trajectory.
China's economy braces for fallout from coronavirus
There will be some temporary disruption to economic activity in China and elsewhere from the coronavirus outbreak.
Mixed economic messages for 2020
2020 is likely to be another year of sluggish growth with continued risk of a sharper downturn.
Bond yields in early 2020 likely to stay range bound
Bond yields will likely stay range bound in early 2020 as the economy shifts to a lower gear and central banks shift to neutral.
Reading signs of stabilization
The global economy is likely to stabilize at around the current growth rate.
Will the improving housing market further divide the Fed?
The Fed remains divided on the trajectory of interest rates; a pick up in U.S. housing activity may increase this division.
Talking sustainability with CEOs
We have ongoing dialogue with the management teams of companies in which we invest, across a wide range of sustainability-related topics.
An inverted yield curve: Recession or stagnation?
The Treasury yield curve briefly inverted in August, rattling markets with the possibility of a recession.
July rate cut: “Insurance” policy or recession guard?
The Fed cut interest rates to protect growth from downside risks and described the move as a mid-cycle adjustment to policy, or a so-called “insurance” cut.
The views and opinions expressed are those of the speaker, are subject to change with market conditions, and are not meant as investment advice.