Skip to content
Search

Global Markets Weekly Update

Our analysts recap activities across global markets in our weekly report.
This Quarter (Q3 2024) Hide

September 2024 / FIXED INCOME

How AI’s impact is reaching into areas that might surprise you

How AI’s impact is reaching into areas that might surprise you

How AI’s impact is reaching into areas that...

Discover how rising AI energy demands are reshaping independent power producer credit...

By David Yatzeck

David Yatzeck Associate Portfolio Manager

September 2024 / INVESTMENT INSIGHTS

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Our experts share perspective on market themes and regional trends, plus insights...

16 September 2024 / MARKETS & ECONOMY

How healthy is the U.S. labor market?

How healthy is the U.S. labor market?

How healthy is the U.S. labor market?

The Federal Reserve appears ready to cut rates. Job growth will be key for how stocks...

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

August 2024 / EQUITY

Are U.S. stocks too expensive?

Are U.S. stocks too expensive?

Are U.S. stocks too expensive?

Can levels of profitability and efficiency of U.S. tech companies be sustained?

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

August 2024 / MULTI-ASSET

Will government debt boil the frog?

Will government debt boil the frog?

Will government debt boil the frog?

How much should investors worry about the ballooning U.S. government debt?

By Sébastien Page

Sébastien Page Head of Global Multi-Asset and CIO

August 2024 / EQUITY

On global impact short duration bond

On global impact short duration bond

On global impact short duration bond

Our fundamental research platform and dedicated responsible investing (RI) team

By Matthew Lawton

Matthew Lawton Portfolio Manager

August 2024 / INVESTMENT INSIGHTS

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Our experts share perspective on market themes and regional trends, plus insights...

August 2024 / MULTI-ASSET

Manic market not a reason for investors to panic

Manic market not a reason for investors to panic

Manic market not a reason for investors to...

Recent market volatility appears to reflect extreme risk-on sentiment and positioning.

By Sébastien Page

Sébastien Page Head of Global Multi-Asset and CIO

August 2024 / EQUITY

Are GLP-1s the next industry disruptor?

Are GLP-1s the next industry disruptor?

Are GLP-1s the next industry disruptor?

Some are predicting that GLP-1s could pose a disruptive threat to the medtech industry,...

By Taymour Tamaddon

Taymour Tamaddon Portfolio Manager

July 2024 / MULTI-ASSET

Could the Volatility Index (VIX) be broken?

Could the Volatility Index (VIX) be broken?

Could the Volatility Index (VIX) be broken?

The VIX has recently displayed a more subdued reaction to market sell-offs than expected....

By Rory Boath

Rory Boath Associate Execution Strategist

July 2024 / MULTI-ASSET

Active investing is suited to the uncertain markets ahead

Active investing is suited to the uncertain markets ahead

Active investing is suited to the uncertain...

Changing market conditions will provide new risks and opportunities.

By Robert W. Sharps

Robert W. Sharps Chair of the Board, Chief Executive Officer and President

July 2024 / EQUITY

South Korea value-up: Lessons from Japan

South Korea value-up: Lessons from Japan

South Korea value-up: Lessons from Japan

South Korea’s “Corporate Value-Up Program” is modeled after similar reforms in Japan.

By Ernest C. Yeung

Ernest C. Yeung Portfolio Manager

July 2024 / INVESTMENT INSIGHTS

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Our experts share perspective on market themes and regional trends, plus insights...

July 2024 / MULTI-ASSET

The inflation roller coaster

The inflation roller coaster

The inflation roller coaster

Diverging trends in goods and services prices complicate the inflation outlook.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

Previous Quarter (Q2 2024) Hide

July 2024 / EQUITY

Market concentration: Facts versus opinions

Market concentration: Facts versus opinions

Market concentration: Facts versus opinions

Market concentration in U.S. and technology stocks a concern for clients.

By Rahul Ghosh

Rahul Ghosh Portfolio Specialist, Global Equities

July 2024 / VIDEO

Growing pains and opportunity: Analyzing what's next in the AI boom

Growing pains and opportunity: Analyzing what's next in the AI boom

Growing pains and opportunity: Analyzing...

David Giroux explains why AI is likely to be deflationary over time and why he likes...

By David R. Giroux

David R. Giroux Head of Investment Strategy and Chief Investment Officer

June 2024 / VIDEO

Two questions on U.S. equities with Gabe Solomon

Two questions on U.S. equities with Gabe Solomon

Two questions on U.S. equities with Gabe...

Portfolio Manager Gabe Solomon discusses his outlook for U.S. large-cap value equities.

By Gabriel Solomon

Gabriel Solomon Co-Portfolio Manager

June 2024 / VIDEO

Two Questions on U.S. Equities with Matt Mahon

Two Questions on U.S. Equities with Matt Mahon

Two Questions on U.S. Equities with Matt...

Portfolio Manager Matt Mahon discusses his outlook and expectations for U.S. smaller...

By Matt Mahon

Matt Mahon Co-Portfolio Manager

June 2024 / VIDEO

Two Questions on U.S. Equities with Julian Cook

Two Questions on U.S. Equities with Julian Cook

Two Questions on U.S. Equities with Julian...

Portfolio Specialist Julian Cook discusses his outlook and expectations for U.S....

By Julian Cook

Julian Cook Portfolio Specialist

June 2024 / INVESTMENT INSIGHTS

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Our experts share perspective on market themes and regional trends, plus insights...

June 2024 / MULTI-ASSET

The hottest debate in asset allocation: Value vs. Growth

The hottest debate in asset allocation: Value vs. Growth

The hottest debate in asset allocation: Value...

On the Asset Allocation Committee (AAC), we like value stocks as a tactical trade...

By Sébastien Page

Sébastien Page Head of Global Multi-Asset and CIO

June 2024 / MULTI-ASSET

Building next-generation target date strategies through personalization

Building next-generation target date strategies through personalization

Building next-generation target date strategies...

Technology has opened up new opportunities to personalize target date strategies.

By Multiple Authors

By Multiple Authors

June 2024 / FIXED INCOME

Credit investing for today’s evolving markets

Credit investing for today’s evolving markets

Credit investing for today’s evolving markets

Headwinds call for choosing credit solutions with rigorous research

By Kenneth A. Orchard

Kenneth A. Orchard Head of International Fixed Income

June 2024 / MULTI-ASSET

A new era for commodities?

A new era for commodities?

A new era for commodities?

We may be on the cusp of another period of strong commodity returns.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

May 2024 / EQUITY

Meet Hari Balkrishna

Meet Hari Balkrishna

Meet Hari Balkrishna

Portfolio Manager, Global Impact Equity Strategy.

May 2024 / INVESTMENT INSIGHTS

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Our experts share perspective on market themes and regional trends, plus insights...

May 2024 / FIXED INCOME

The benefits of hedged diversification

The benefits of hedged diversification

The benefits of hedged diversification

Non-U.S. bonds currently offer higher yields on a currency-hedged basis

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

May 2024 / ASSET ALLOCATION

Let’s get real (about interest rates)

Let’s get real (about interest rates)

Let’s get real (about interest rates)

Higher real rates in the coming years might favor value stocks

By Sébastien Page

Sébastien Page Head of Global Multi-Asset and CIO

May 2024 / ASSET ALLOCATION

Momentum: Don’t fear the reapers (of high profit)

Momentum: Don’t fear the reapers (of high profit)

Momentum: Don’t fear the reapers (of high...

History shows that momentum-driven markets don’t necessarily lead to market downturns

By Sébastien Page

Sébastien Page Head of Global Multi-Asset and CIO

May 2024 / VIDEO

Hedging inflation risk

Hedging inflation risk

Hedging inflation risk

Recession fears are fading, but inflation concerns are on the rise.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

April 2024 / EQUITY

The U.S. economy has defied recessionary fears. What now?

The U.S. economy has defied recessionary fears. What now?

The U.S. economy has defied recessionary...

An economic “soft landing” is undoubtedly positive, but there are reasons to be cautious.

By Justin P. White

Justin P. White Portfolio Manager, T. Rowe Price All‑Cap Opportunities Strategy

April 2024 / INVESTMENT INSIGHTS

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Our experts share perspective on market themes and regional trends, plus insights...

April 2024 / FIXED INCOME

Why is it important to measure the impact of a blue bond?

Why is it important to measure the impact of a blue bond?

Why is it important to measure the impact...

Blue bonds need to be evaluated with additional rigor to mitigate against bluewashing...

By Tongai Kunorubwe

Tongai Kunorubwe Head of ESG, Fixed Income

April 2024 / EQUITIES & FIXED INCOME

Blue bonds: The key to unlocking the blue economy’s potential

Blue bonds: The key to unlocking the blue economy’s potential

Blue bonds: The key to unlocking the blue...

Blue bonds provide financing for ocean-friendly or clean water projects in support...

April 2024 / FIXED INCOME

With Rising Headwinds-Uncover the Power of Quality Credit Research

With Rising Headwinds-Uncover the Power of Quality Credit Research

With Rising Headwinds-Uncover the Power of...

Corporate bonds offer attractive income, but security selection is imperative amid...

By Justin Gerbereux

Justin Gerbereux Head of Global Fixed Income Research

Q1 2024  Show

March 2024 / FIXED INCOME

Dynamic Credit Investing: A Q&A With Saurabh Sud

Dynamic Credit Investing: A Q&A With Saurabh Sud

Dynamic Credit Investing: A Q&A With Saurabh...

Dynamic Credit’s flexible approach has been pivotal over different market conditions.

By Saurabh Sud

Saurabh Sud Portfolio Manager

March 2024 / VIDEO

The Case for Value Video

The Case for Value Video

The Case for Value Video

Reasonable valuations could provide an upside surprise.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

March 2024 / INVESTMENT INSIGHTS

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Our experts share perspective on market themes and regional trends, plus insights...

March 2024 / EQUITY

The Case for Value

The Case for Value

The Case for Value

Reasonable valuations could provide an upside surprise.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

February 2024 / MARKETS & ECONOMY

Emerging Markets Poised for a Year of Interest Rate Cuts

Emerging Markets Poised for a Year of Interest Rate Cuts

Emerging Markets Poised for a Year of Interest...

Inflation continues to fall, paving the way for more interest rate cuts from emerging...

By Christopher J. Kushlis

Christopher J. Kushlis Asia Sovereign Analyst, London

February 2024 / FIXED INCOME

Central Bank Rate-Cut Pricing is Eye-Catching But Deceiving

Central Bank Rate-Cut Pricing is Eye-Catching But Deceiving

Central Bank Rate-Cut Pricing is Eye-Catching...

The large number of priced-in 2024 rate cuts is an average of expectations across...

By Arif Husain

Arif Husain Head of Global Fixed Income and CIO

February 2024 / MARKETS & ECONOMY

Conditions Are Ripe For A Goldilocks Economy, But Dangers Lurk

Conditions Are Ripe For A Goldilocks Economy, But Dangers Lurk

Conditions Are Ripe For A Goldilocks Economy,...

Conditions are ripe for a moderate growth recovery, but political risks pose a threat.

By Nikolaj Schmidt

Nikolaj Schmidt Chief Global Economist

February 2024 / INVESTMENT INSIGHTS

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Our experts share perspective on market themes and regional trends, plus insights...

February 2024 / VIDEO

After the Fed Pivot, What’s Next?

After the Fed Pivot, What’s Next?

After the Fed Pivot, What’s Next?

With cooling expectations, investors wonder when and how far U.S. rates will fall...

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

February 2024 / MULTI-ASSET

Forecasting European Equity Earnings with Macro Factors

Forecasting European Equity Earnings with Macro Factors

Forecasting European Equity Earnings with...

A strong relationship exists between equity earnings, inflation, and unemployment.

January 2024 / MULTI-ASSET

Macro‑Implied Earnings

Macro‑Implied Earnings

Macro‑Implied Earnings

A simple model can explain how earnings will respond to changes in the health of...

By Sébastien Page

Sébastien Page Head of Global Multi-Asset and CIO

January 2024 / EQUITY

Tech Tour Insights: What's Next for AI Investing?

Tech Tour Insights: What's Next for AI Investing?

Tech Tour Insights: What's Next for AI Investing?

Listen to our panel of technology portfolio managers discuss key takeaways from their...

By Multiple Authors

By Multiple Authors

January 2024 / MULTI-ASSET

Is the Market Broadening?

Is the Market Broadening?

Is the Market Broadening?

Will small-caps eventually “show up” for investors?

By Sébastien Page

Sébastien Page Head of Global Multi-Asset and CIO

January 2024 / EQUITY

Investing in China Means Embracing Discomfort

Investing in China Means Embracing Discomfort

Investing in China Means Embracing Discomfort

Sentiment toward China is weak, but opportunities exist for investors who seek them.

By Justin Thomson

Justin Thomson Head of International Equity and CIO

January 2024 / INVESTMENT INSIGHTS

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Our experts share perspective on market themes and regional trends, plus insights...

Q4 2023  Show

December 2023 / INVESTMENT INSIGHTS

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Our experts share perspective on market themes and regional trends, plus insights...

December 2023 / VIDEO

Artificial Intelligence: The New Electricity?

Artificial Intelligence: The New Electricity?

Artificial Intelligence: The New Electricity?

AI has the potential to be the biggest productivity enhancer to the global economy...

By Dominic Rizzo

Dominic Rizzo Portfolio Manager

November 2023 / VIDEO

Are U.S. Stocks Worth the Price?

Are U.S. Stocks Worth the Price?

Are U.S. Stocks Worth the Price?

The Magnificent 7 have distorted U.S. equity valuations.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

November 2023 / INVESTMENT INSIGHTS

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Our experts share perspective on market themes and regional trends, plus insights...

November 2023 / INTEGRATED EQUITY

Integrated Equity Quarterly Newsletter

Integrated Equity Quarterly Newsletter

Integrated Equity Quarterly Newsletter

Understanding Market Dynamics Better With Thematic Baskets

October 2023 / INVESTMENT INSIGHTS

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Global Asset Allocation Viewpoints

Our experts share perspective on market themes and regional trends, plus insights...

October 2023 / ASSET ALLOCATION

The Inflation Battle May Not Be Over

The Inflation Battle May Not Be Over

The Inflation Battle May Not Be Over

An uptick in some prices could mean higher rates for longer.

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

October 2023 / GLOBAL FIXED INCOME

Government Bond Issuance Boom to Pressure Yields Higher

Government Bond Issuance Boom to Pressure Yields Higher

Government Bond Issuance Boom to Pressure...

A flood of new global sovereign debt will affect market dynamics.

By Arif Husain

Arif Husain Head of Global Fixed Income and CIO

October 2023 / ESG

Counting the Cost of Biodiversity Loss

Counting the Cost of Biodiversity Loss

Counting the Cost of Biodiversity Loss

Addressing the challenge of integrating biodiversity into investment analysis.

By Tongai Kunorubwe

Tongai Kunorubwe Head of ESG, Fixed Income

Q3 2023  Show

August 2024 / RETIREMENT

Stretching a Match

Stretching a Match

Stretching a Match

Restructuring employer matching contributions could encourage higher employee deferral...

October 2023 / ENVIRONMENTAL, SOCIAL, AND GOVERNANCE

Keeping Pace With the Energy Transition

Keeping Pace With the Energy Transition

Keeping Pace With the Energy Transition

Energy transition has broad economic, political, and investment implications.

By Maria Elena Drew

Maria Elena Drew Director of Research, Responsible Investing

September 2023 / RETIREMENT

Planning for Spending Volatility in Retirement

Planning for Spending Volatility in Retirement

Planning for Spending Volatility in Retirement

Access to liquidity and a focus on growth could mitigate spending increases.

By Sudipto Banerjee

Sudipto Banerjee Director of Retirement Thought Leadership

Q1 2023  Show

September 2022 / INTERNATIONAL EQUITIES

Playing Field is Now More Even for Value

Playing Field is Now More Even for Value

Playing Field is Now More Even for Value

Headwinds dissipating and valuations at trough levels.

By Colin McQueen

Colin McQueen Portfolio Manager

September 2022 / ASSET ALLOCATION VIEWPOINT

Adjusting Asset Allocation for ESG Preferences

Adjusting Asset Allocation for ESG Preferences

Adjusting Asset Allocation for ESG Preferences

A systematic portfolio construction framework to reflect ESG considerations.

By Multiple Authors

By Multiple Authors

September 2022 / INTERNATIONAL EQUITIES

The Regime Change in Markets Demands Fresh Ideas

The Regime Change in Markets Demands Fresh Ideas

The Regime Change in Markets Demands Fresh...

Alpha potential is still available for those who adapt to the new paradigm.

By Justin Thomson

Justin Thomson Head of International Equity and CIO

June 2021 / EMERGING MARKETS

Constructing a Chinese Equities Portfolio

Constructing a Chinese Equities Portfolio

Constructing a Chinese Equities Portfolio

Seek to exploit market inefficiencies and extract value from entire investment universe.

By Irmak Surenkok

Irmak Surenkok Portfolio Specialist

June 2021 / INTERNATIONAL EQUITIES

Gains Still to Be Found in Chinese Equities

Gains Still to Be Found in Chinese Equities

Gains Still to Be Found in Chinese Equities

Corporate earnings will likely be the focus after a post‑pandemic recovery.

By Wenli Zheng

Wenli Zheng Portfolio Manager

June 2021 / GLOBAL EQUITIES

What Makes an "Impact" Investment Manager?

What Makes an "Impact" Investment Manager?

What Makes an "Impact" Investment Manager?

Understanding the required foundation to build, manage, and measure an impact portfolio.

By Harishankar Balkrishna

Harishankar Balkrishna Portfolio Manager

June 2021 / GLOBAL ECONOMY

Surging Home Prices May Lead to Rate Hikes

Surging Home Prices May Lead to Rate Hikes

Surging Home Prices May Lead to Rate Hikes

The return of housing as an economic driver gives the Fed options.

By Nikolaj Schmidt

Nikolaj Schmidt Chief Global Economist

14 June 2021 / GLOBAL FIXED INCOME

Are Tight Credit Valuations Justified?