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.
Larry Tankel, Portfolio Manager of GSAM’s Technology Opportunities Fund, and a group from GSAM’s Fundamental Equity team recently spent a week in Silicon Valley meeting with executives of public and private companies. He shares the team’s three key takeaways here.
Prolonged periods of EM out and underperformance relative to DM has been a reoccurring phenomenon throughout the last three decades. On the 20th anniversary of Hong Kong’s transfer, investors must again decide whether a bounce in EM assets is a temporary blip or a promising signal of prolonged outperformance.
An announcement on ECB tapering in September has moved from possible to more than probable.
Stay connected on the latest market developments and investment themes
Finding value in fixed income can be a challenge in the current market environment. Read why we think relative value strategies offer compelling opportunities to find value in fixed income.
The US core consumer price index (CPI) rose 0.4% in August and core CPI rose 0.25%, reversing five consecutive downside inflation surprises and raising odds of further monetary tightening this year. We expect a rate hike in December and we are underweight US rates on a directional and relative value basis.
Hurricane Irma slammed into Southwest Florida as a Category 3 storm. It caused widespread power outages, coupled with extensive wind and flood damage. However, Irma's track over land weakened it, and on the whole, damages were less than forecasted.
Access more insights from across GSAM
Stay informed on timely views and market developments