Market Updates

Your resource for the latest thinking from our experts on the markets and economy in the coming year and beyond


July 6, 2020

Market Rewarding Reflation Beneficiaries

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The market is rewarding reflation beneficiaries, we expect electricity generated from hydrogen fuel cells to remain a fast-growing segment of the alternative energy mix, and we believe Treasury Inflation-Protected Securities' outperformance is likely over the next year if our positive economic outlook proves correct.

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June 29, 2020

Something Old and Something New

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Every recession is similar to and different from previous downturns, we see several factors emerging as foundation for a long-term advance for U.S. equities, and as a long-term bullish indicator, foreign demand for U.S. securities remains robust and supportive across multiple asset classes.

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June 22, 2020

What a Difference 100 Days Can Make For The Markets and Investors

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Major crises often lead to fundamental shifts in economic and social behavior, and we feel this time will be no different; there is potential for industrial stock performance to continue to improve, and the dollar may finally turn from a headwind for crude oil prices into a tailwind, in our view.

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June 15, 2020

In Claims We Trust

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Labor market data suggest the recession is already over, we see equities remaining in a higher trading channel owing to support by the A.B.Cs, and long-term exposure in many cutting-edge technologies and positions in their respective countries and companies seem to be leading the way.

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June 8, 2020

Conditions In Place For A Potentially Strong Global Expansion

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Global risk assets had been rallying hard, especially those more correlated with solid economic expansions; we expect to see a renewed focus on R&D by governments and businesses; and small caps are likely to be supported in the near term but still face headwinds.

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June 1, 2020

Moving Toward “Escape Velocity”

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Signs of a dramatic shift in the central banks' reflation efforts should raise the odds that inflation will finally increase to their targets, dynamics investors could have missed during pandemic headlines, and the Equity Risk Premium proves useful as it takes into account the level of interest rates.

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May 26, 2020

Going from “Wait and Watch” Stage to a “Path Forward” Stage

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This bear market may ultimately lead to a “Path Forward," the potential for new tensions to interrupt China's growth rebound and market recovery could cause emerging markets to lag further, and bottoming in the energy sector is considered a bright spot for markets.

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May 18, 2020

A Wake-Up Call

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Numerous factors suggest rising global public health risks, including pandemics; COVID-19's influence on the upcoming U.S. election and the U.S. fiscal policy programs enacted in response to the current pandemic are likely to limit the extent and duration of the current recession.

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May 11, 2020

Stopping Deflation

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This abundant liquidity combined with aggressive government spending could help support risk assets and the potential for a strong economic recovery; post the pandemic: debt, deglobalization, digitalization, demographics; higher muni yields may provide opportunities for investors.

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May 4, 2020

Macro Weakness vs. Market Rebound: Observations from Three Recent Crises

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Similarities with previous episodes suggest that investors should continue to look through the macro weakness; the ongoing pandemic will likely bring fundamental shifts in the global economy and behavioral changes among consumers and corporates; the new economy charges ahead.

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