The Economy and the Markets Fourth Quarter 2021
The battle between longer term disinflationary secular trends and declining potential growth versus the hotter mix of easy financial conditions, populist policies and the costs of climate mitigation is likely to be the story for some time.
The Economy and the Markets Third Quarter 2021
We expect solid but decelerating growth at the same time inflation may be stickier than expected. With fundamentals likely to hold up, this is a not a bad backdrop for risk assets, but a steady hand from policymakers is needed to wind down unconventional supports.
The Economy and the Markets Second Quarter 2021
As things return to normal in the fall, we expect strong growth and higher prices to challenge investors’ fortitude as well as the conviction of policymakers.
The Economy and the Markets First Quarter 2021
Both the Biden administration and the Federal Reserve are committed to whatever it takes to accelerate and broaden growth.
The Economy and the Markets Fourth Quarter 2020
While markets seem fully priced and even overvalued by normal standards, the stage is set for good economic growth in the coming year. We believe now is a good time maintain investment discipline.
The Economy and the Markets Third Quarter 2020
Despite the unwelcome return of volatility which saw the S&P 500 decline almost 10% from its early September peak, markets ended up for the quarter.
The Economy and the Markets | Second Quarter 2020
As the pandemic raced across the globe, economies came to a halt one by one, triggering a severe global recession.
The Economy and the Markets | First quarter 2020
Risk Off! Last quarter, we wondered whether the market had gotten ahead of itself. While we knew that good times were destined to end, we couldn’t identify the catalyst
The Economy and the Markets | Fourth quarter 2019
Risk on! Returns across asset classes were almost universally positive in 2019, a stark contrast to the story of 2018.
The Economy and the Markets Fourth Quarter 2021
The battle between longer term disinflationary secular trends and declining potential growth versus the hotter mix of easy financial conditions, populist policies and the costs of climate mitigation is likely to be the story for some time.
The Economy and the Markets Third Quarter 2021
We expect solid but decelerating growth at the same time inflation may be stickier than expected. With fundamentals likely to hold up, this is a not a bad backdrop for risk assets, but a steady hand from policymakers is needed to wind down unconventional supports.
The Economy and the Markets Second Quarter 2021
As things return to normal in the fall, we expect strong growth and higher prices to challenge investors’ fortitude as well as the conviction of policymakers.
The Economy and the Markets First Quarter 2021
Both the Biden administration and the Federal Reserve are committed to whatever it takes to accelerate and broaden growth.
The Economy and the Markets Fourth Quarter 2020
While markets seem fully priced and even overvalued by normal standards, the stage is set for good economic growth in the coming year. We believe now is a good time maintain investment discipline.
The Economy and the Markets Third Quarter 2020
Despite the unwelcome return of volatility which saw the S&P 500 decline almost 10% from its early September peak, markets ended up for the quarter.
The Economy and the Markets | Second Quarter 2020
As the pandemic raced across the globe, economies came to a halt one by one, triggering a severe global recession.
The Economy and the Markets | First quarter 2020
Risk Off! Last quarter, we wondered whether the market had gotten ahead of itself. While we knew that good times were destined to end, we couldn’t identify the catalyst
The Economy and the Markets | Fourth quarter 2019
Risk on! Returns across asset classes were almost universally positive in 2019, a stark contrast to the story of 2018.