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.
Equity market volatility has increased sharply, with the S&P 500 index declining 4.1% on Monday, February 5. The VIX Index, a measure of implied equity market volatility, increased by 116%, the largest one-day percentage change in its history.
Today the Financial Times' Fund Management supplement (FTfm) published an article titled "Goldman and Franklin top worst-selling fund ranking."
As expected the Bank of England (BoE) announced a 25bps rate hike, the first for a decade, and voted unanimously to maintain the stock of purchased assets at current level.
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As the Federal Reserve continues to raise interest rates, will this bring volatility to the markets in 2018? And how will US tax reform, something we haven’t seen since 1986, impact investors?
View GSAM's thought leaders and portfolio managers as they discuss the impact across all asset classes.
Each week the Fixed Income team releases its views on macro strategies including duration, country and currency, and sector strategies such as securitized debt, corporate credit, emerging markets debt, government/agency, and municipals.
On December 22, 2017, Congress passed the Tax Cuts and Jobs Act of 2017, the first major alteration to US tax law in over 30 years. Now that tax reform has officially passed, we can look to the potential impacts to municipal bond supply and investor demand in order to approximate the potential impact to the market as a whole.
As we have turned the page on 2017 and look forward into the rest of 2018, the US corporate defined benefit system seems to be at an inflection point on multiple levels.
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