The current environment has led many investors to reduce their expectations for future returns from traditional assets such as developed market stocks and bonds. Indeed, it raises the question of whether any attractively priced assets remain. That is, what is still “cheap”?
The Fed wants the option to hike in March but lacks the conviction to do so.
All told, we think the prospects that President Trump will push through his policy agenda in the first year look tenuous at best.
An improving growth picture gives fodder to the Fed to increase rates this year – possibly several times. It should also be a signal for capital preservation and liquidity investors.
A recent trip to Moscow on the 100th anniversary of the 1917 revolution revealed not a whiff of revolutionary change in the economy, but rather stagnant growth mixed with structural stability. We could simply call it “stagnant stability.”
When looking past the noise, we believe the data have continued to confirm our forecast for 2.2% core inflation in 2017.
Does air quality in Beijing have anything to do with the property market in Australia? The answer is probably yes.
A series of surprises on the French political scene have fueled investors’ unease.
Floating rate bank loans, which are typically the most senior debt in an issuer’s capital structure, have traditionally been considered more resilient than high yield bonds in the event of default. However, recent shifts in the bank loan market may challenge this historical norm.
Does détente mean the greenback has already peaked?