Four charts outline key observations and things investors should watch out for in the US, Europe, Japan and China.
The saying ‘sell in May and go away’ refuses itself to go away.
The US is shedding excess capacity at a faster rate than most of its developed world peers, which supports our outlook for inflation to strengthen and sharpens our focus on the risk of rates volatility.
Time-series and cross-sectional analysis support our expectation for US wage growth to pick up in the near future.
We believe the balance of secular drivers over the next several years is inflationary, as a range of factors that have suppressed prices over the past decade are reaching inflection points.
The weak transmission of growth to inflation in the developed world creates challenges for policymakers, raising the risks of a policy misstep.
The political situation in Italy is fluid and Italian assets remain highly sensitive to political developments. That said, we are surprised that financial markets are not reassured by the failure to form a coalition government by parties that have called into question Italy’s membership of the European Union (EU) and the Euro area.
In this Q&A with Ben Barber, Head of Municipal Bond Portfolio Management, we discuss structural changes in the muni market and our views on how to potentially take advantage of these changes.
On March 22, the US Administration announced a 25% tariff on approximately $50 billion of imports from China. China retaliated on April 4 with a reciprocal 25% tariff on $50 billion of US products. Tensions have since escalated, with President Trump threatening an additional $100 billion tariffs on Chinese imports. The Chinese government has formally stated that while it does not want a trade war, it will retaliate if further action is taken.
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GSAM’s portfolio managers discuss maintaining a pro-risk strategy and the importance of dynamic investing.
Healthy demand globally and increases in US production to support energy outlook for several years.
We highlight current demographic developments around the world, illuminate the complex relationship between demographics, inflation and asset prices, and present demography-based predictions for major economies, based on proprietary methodology.
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