Our experts discuss the key challenges facing central banks in today’s environment.
Our “Un-Making the Rules” roundtable participants chose these charts to illustrate the potential market implications of an easier regulatory environment in the US.
For months we have favored equities over credit and credit over rates. This is predicated on an expectation of a broadening global growth, aided by expansionary policies and potential deregulation in the US, and undemanding valuations in equities relative to bonds.
Beyond the US we see a more nuanced regulatory landscape, shaped by the divergent domestic priorities of the largest developed- and developing markets. We compare the investment takeaways in Europe, where cross-border standards are being reset, and in China as the focus returns to reform.
In the short term, the expectation of less regulation is helping to build confidence in corporate America. But over a one- to three-year horizon the boost to growth could be meaningful, in combination with tax reform and infrastructure spending.
Key takeaways from the first round of the French presidential election, and a look ahead to the final round on May 7.
Reasons we remain positive on small- and midcap equities.
We believe investors should look beyond the headlines and toward the long term when it comes to investing in emerging markets.
Stay connected on the latest market developments and investment themes
In this Global Equity Outlook, we explore some of the potential transmission mechanisms, headwinds, and mile posts signalling that optimism in equity markets is successfully transitioning into investor confidence.
In this Global Fixed Income Outlook, we discuss some areas in this broadly supportive macro environment where markets may be complacent, and inconsistencies that could find equilibrium in the coming months.
In our view, the long-term case for owning EM equities – portfolio diversification and alpha potential – remains intact. In this piece, we discuss some of the key reasons we believe long-term investors, especially those trying to build up to a strategic weight in EM, should stay the course.
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