Investment Outlook

Wall Street columns

Tweet Trumps Fed

Recently, we asked which had more clout with investors, the FOMC or President Trump’s tweets. Now we know: tweet trumps Fed.

Wall Street buildings

Oversold Conditions and Dovish Policy Shift Trigger Rebound in Stocks

We believe the global economic expansion will persist into 2020...

Mountain Road Lined with Trees

Fixed Income Outlook: What We Expect in the Second Half of 2019

Entering the second half of 2019, our portfolios are positioned to reflect seven key themes.

Records Are Made to Be Broken

February 7, 2018

Despite recent volatility, equity market fundamentals are strong and improving. While mindful of risks we think the underlying earnings strength is supportive of equities globally.

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Seasonality Wins the Day

January 7, 2018

While the business cycle may be late in calendar years, our economic activity models and earnings projections tell us equities can stay well supported.

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Counting the Days Until December

November 20, 2017

We've held short duration much of the year to buffer gradually rising rates, and are staying short into year-end. We are tactically increasing investment-grade and high-yield corporate credit risk. We remain positive on securitized assets, preferring CLOs and CMBS, and are slightly overweight select emerging markets.

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Watching the Central Banks

November 8, 2017

We think policy will drive markets going forward, and focus on assets that are geared to growth. Global equities look most attractive under current conditions. We maintain our emerging market and U.S. small-cap positions, and continue to rotate our equity position toward Japan.

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Proceeding with Caution

October 19, 2017

The global economy looks healthy yet uncertainty persists: geopolitical risk from North Korea, tax reform in Washington, naming a successor to Federal Reserve chair Janet Yellen and the European Central Bank's rollback of QE. We view these uncertainties as reasons to pull back risk despite strong market fundamentals.

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