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.
Short-term interest rate markets have attracted considerable attention in the bond market recently, primarily due to a sharp rise in the London Interbank Offered Rate (LIBOR) relative to a measure of overnight interest rates known as overnight index swaps (OIS).
With tax reform enacted, budget caps raised and regulation rolled back, the US Administration has shifted its focus to trade policy, which has turned more hawkish in 2018.
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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.
US corporate defined benefit (DB) pension plan funded levels are at an important inflection point –the aggregate funded status of US DB plans is at its highest level since 2013 and close to its highest level since the 2008 financial crisis.
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.
GSAM’s portfolio managers discuss maintaining a pro-risk strategy and the importance of dynamic investing.
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