In their latest report, “Monthly Investment Outlook,” UBP provides a comprehensive analysis of the current investment climate. The analysis observes that global equities and bonds were stable in April, as markets adjusted to the liquidity influx subsequent to the US
In "Monthly Investment Outlook: The Global Liquidity Cycle Looks Set To Turn", the author presents a detailed analysis of the current global financial situation. The piece observes that global equities and bonds remained steady in April, amidst worldwide liquidity injections
Capital Group's "Quarterly Macro and Market Insights" offers a comprehensive perspective on the escalating risk of recession due to emerging signs of economic slowdown. The report explores the implications of this development on US interest rates, advocating for a relative
The guide "Investor’s guide to the debt ceiling" by BlackRock underscores potential market volatility in light of the ongoing debates among Congressional leaders regarding raising the US debt ceiling. Despite the looming uncertainty, BlackRock maintains confidence in Congress's ability to
PGIM Quantitative Solutions Q2 2023 Outlook The first section of the text provides an overview of the global economic landscape as of Q2 2023. The global economy started 2023 on a surprisingly positive note, with the US, Euro area, and
Het centrale thema van de tekst gaat over de strategie van Pictet Asset Management met betrekking tot activa-allocatie te midden van aanhoudende macro-economische onzekerheid. Het bedrijf heeft besloten om zijn positie in obligaties te verhogen tot overwogen en een negatieve
In the midst of market turbulence, the banking sector faces challenges reminiscent of the Global Financial Crisis and the dotcom bubble. The author of "CIO lens" by Schroders highlights the importance of learning from past experiences while also considering the
In the text "Beyond high inflation: Multi Asset’s Long-Term Return Expectations," Ballie Gifford emphasizes that all investment strategies come with potential for profit and loss, and past performance cannot guarantee future returns. The main theme revolves around the anticipation that
In the text "Global Strategy 2Q 2023" by Erste Group, the main theme is the likelihood of an end to the interest rate hike cycle due to recent financial turbulence involving SVB and Credit Suisse. The author discusses the impact
In the Monthly Investment Outlook, UBP highlights the stability of global equities and the rally in bonds in March, despite turmoil in the US and European banking systems. Over the past four decades, such financial shocks have been common during
In Investors’ Outlook: Easing the sails, author Dan Scott of Vontobel Multi Asset examines the recent market developments and the impact of slowing inflation in the US. He highlights that the US Federal Reserve’s actions on interest rates and the
In the research paper titled "Spring Economic Outlook," the author from Allianz discusses the impact of negative confidence effects from the near-death experience in the US banking sector and the unresolved energy situation in Europe on the global economy. The
The Capital Group's article, "European market outlook Clouds on the horizon," reflects on the impacts of a decade of ultra-loose monetary policy, which led to an aggressive tightening of financial conditions. As a result, the risk of recession has increased,
The sudden collapse of Silicon Valley Bank and Signature Bank raised concerns about the investment outlook, highlighting three major problems. Firstly, the banks had a narrow depositor base with a large percentage of uninsured deposits, which was concentrated in troubled
The full reopening of Japanese borders has been a boon to businesses as the country comes to terms with the hard reality of co-existing with COVID. But with the world grappling with slowing growth and pressing concerns like geopolitical …
Banking and capital markets (B&CM) mergers and acquisitions (M&A) have been on a roller-coaster ride for several years. Transaction volumes and values climbed steadily prior to the COVID-19 pandemic, only to hurtle downward in 2020. Activity shot up the following
We’ve finally left annus horribilis 2022 behind us—and while there are still some gloomy pockets in the economy, some market areas started the new year off on a strong note amid positive developments that give reason for hope.
The wisdom of crowds can be powerful. But in times of heightened uncertainty, it can be helpful to understand potential risks. At the moment, markets appear to be crystallising around a hopeful outlook for 2023. Asset prices suggest inflation will
Recessions are painful, no doubt about it. But they are necessary to clean out the excesses of prior growth periods, especially the more or less uninterrupted growth investors have enjoyed over the past decade.
State of the Markets H1 2023 We continue to believe in the innovation economy in the face of adversity. Challenging market conditions are periods for building, particularly for startups. Today, founders have time to slow down, focus on product market
Natixis Investment Managers Solutions | Global Market Strategy: Given the resiliency shown by economic indicators, we rule out the risk for a severe recession both in the US and Europe. The outlook for a recession scenario has weakened thanks to
Market movers: • German stagnation—rising insolvencies? German business insolvencies are rebounding albeit from a low level. • US real estate—trouble (still) ahead? Some housing market indicators have …
Investors were buffeted throughout 2022, first by the shock of Russia’s invasion of Ukraine and then by the fastest rate-hiking cycle by the US Federal Reserve in a generation. As we had anticipated 2022 would be a volatile year in
There’s a new reality taking shape in global markets. Many commentators are focusing on the rotation from growth to value, but I think that view is too simplistic. Some investors may be hoping for a return to normal after central
Equity markets finished out a challenging year, with major indices closing at or near their year lows. Uncertainty and volatility were enduring constants throughout 2022. An evolving economic slowdown, around the world and across industries, saw a broad swath of
We believe non-agency RMBS bonds will present a very attractive investment opportunity in 2023. Prepayment-sensitive assets (e.g., agency IOs) provide a particularly compelling diversification story due to the countercyclical nature of the sector, in our view. Our current base case
Quarterly macro and market insights: Markets rebounded in the fourth quarter of 2022, closing a year marked by high volatility as the US Federal Reserve (Fed) reset its monetary policy path. US equities gained, credit spreads tightened and interest rate
We remain relatively constructive on Asia ex‑Japan equities for 2023. The short-term setup for China and North Asia looks attractive: Valuations are at cyclically depressed levels, and the markets are very under-owned by global investors. We are seeing clear signs
Jared Franz, for example, says the Fed will keep rates higher for longer, yet when the economy recovers, it will be stronger than prior rebounds. Meanwhile, Robert Lind argues that European policymakers will likely run looser fiscal policies and tolerate
Following last October’s National Party Congress (NPC), China’s government is getting back to business to help ramp up growth. This means making significant changes to three core issues that have weighed on China’s economy and stock market, which we will
To many investors, this year will feel like a rollercoaster. Several major developments have impacted the world economy, and in response, financial markets have reacted fiercely by repricing asset markets. Especially at times like these, it’s important to take a
Challenging economic conditions are setting the stage for an interesting year ahead in the high yield market. As the economy slows and the cycle matures, we believe caution is warranted. However, we expect dislocations to expose intriguing buying opportunities and
The full reopening of Japanese borders has been a boon to businesses as the country comes to terms with the hard reality of co-existing with COVID. But with the world grappling with slowing growth and pressing concerns like geopolitical …
Axel Lomholt, Chief Product Officer, STOXX and DAX Indices, at Qontigo, believes that ETFs have maintained their popularity in 2022 despite the challenging market conditions. “As we have witnessed before, investors prioritise ‘safe products’ during uncertainty. We saw the same
2023 Global equity outlook The months of November and December are all about expectations management in most family homes in the UK, as (occasionally unrealistic) children’s expectations for Christmas presents come into conflict with the economic realities of family budgets.
Stock and bond markets rallied into November on the back of speculation that the Fed might step back from its rapid pace of rate hikes and, more importantly, that it may reach its ‘terminal’ Fed Funds policy rate by early-2023.
Writing an outlook for the year ahead might be viewed as an exercise in damage limitation: don’t stick your neck out and go with the consensus. But Royal London Asset Management has never been a consensus asset manager. Last year, we
Despite all the uncertainty across today’s global capital markets, we are poised to enter 2023 with a more constructive tilt, especially on many parts of Credit. Our basic premise is that it will be easier to navigate inflation’s negative impact
We nemen winst op grondstoffen en energieaandelen De centrale banken drukken een zware stempel op het gemoed van beleggers. Met hun renteverhogingen, in reactie op de hoog opgelopen inflatie, hebben zij dit jaar de aandelen- en obligatiemarkten onder druk gezet.
Going into 2022, it seemed the global economy was finally set to recover from the pandemic after the uneven emergence from lockdowns that characterized 2021. Then another curve ball materialized, in the form of the Russia-Ukraine war that started in
2022 has been a difficult year for investors. Equity and bond markets have experienced double-digit declines amid stubbornly high inflation, slowing economic growth, and the war in Ukraine. Recessions in the United States and euro area look increasingly likely in
Peak inflation appears to have arrived. What’s next? The central bank narrative has shifted from a focus on the pace of tightening to the terminal rate required to bring inflation back down to the targeted level. Throughout 2022, expectations for
The macroeconomic backdrop in 2023 will be a real test for companies, with the impetus for authentic solutions to sustainability challenges being greater than ever. Here, we share our perspective on key themes that will shape global markets in 2023
The U.S. economy: Looking beyond the cycle 2022 turned out to be another very difficult year. Widespread vaccination and less lethal strains of COVID-19 led to lower fatality rates, allowing most pandemic-weary populations around the world to move back toward
Monthly Investment Outlook: Global activity slowed down in late December and should remain moderate in Q1-22. The Omicron impact was limited to a few services, but disruption remained in place in …
We enter 2022 with a lot to consider. The paths of inflation and interest rates, the profound effects of megatrends such as digitization and decarbonization and numerous sub-themes all demand our immediate attention. As private market investors we view this
Without doubt, 2022 has been a tumultuous year. Markets have wrestled with increased geopolitical risks and a surge in inflation, leading to almost all central banks hiking at the fastest pace in decades. As we look into 2023, the drivers
Following significant monetary tightening in 2022, we expect the cumulative effect of a higher cost of capital to work its way through the economy in 2023, slowing both inflation and growth. Therefore, the overarching theme of 2023 is that restrictive
Entering the fourth quarter of 2022, our outlook acknowledged a hard truth for investors nursing wounds from the steep market downturn: We’re not out of the woods yet. That theme still holds, but the contours of the investment landscape have
In last year’s outlook (Outlook 2022: Pivoting to a new era) we discussed the idea that the world was entering a new macroeconomic regime after three decades in which globalisation and the technology revolution drove rapid growth in the supply
