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 and investment implications from the MSCI announcement.
Valuations are high by conventional metrics, but defensible in context – as long as investors lower their return expectations.
Key takeaways and investment implications from the UK general election.
Stay connected on the latest market developments and investment themes
Is it time to de-risk? Our portfolio managers discuss the impact of central bank policies and the implications of high equity valuations.
This month we check the barometer on inflation. We believe a gradual normalization of global price pressures is under way.
Four charts outline key observations and things investors should watch out for in the US, Europe, Japan and China.
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