Market
Insights

Featured insights

Additional Insights

September 2017

Singapore Fixed Income Review

Monthly Singapore Fixed Income review from Western Asset.


September 2017

Finding Value in Bonds Now

There is a perception that fixed income isn’t offering much value, but CIO Michael Buchanan does see pockets of opportunity in several segments of the market.


September 2017

Unconstrained pioneers since the 1990s

Unconstrained investing, one of the latest buzzwords in asset management, means nothing more than being flexible in one’s investment universe ...


September 2017

Asean Equities Review

Monthly review of the Asean markets by Martin Currie.


September 2017

Has the Phillips Curve Flattened?

Is the Fed's action the final nail in the coffin for the Phillips Curve, the model that describes the relationship between rates of unemployment and rates of inflation in an economy?


August 2017

How Could Small Caps Surprise?

Co-CIO Francis Gannon discusses the ongoing consolidation in small-caps, while also touching on earnings, valuations, and the prospects of a pick-up in volatility.


August 2017

Asia Fixed Income Review

Monthly Asia Fixed Income Review from Western Asset.


August 2017

A Yen for the yen?

Japan has been pumping out some relatively spectacular growth numbers this year. Yet, the modest upward trajectory of the yen has been underwhelming. What’s the story? And is this growth a flash in the pan or a whiff of something different coming out of Japan?


August 2017

Market & Strategy Update

Until recently, the market consensus was one of “secular stagnation,” predicting anemic growth for the indefinite. Today, the prevailing theme is “global reflation,”... Read more on the views from Western Asset.


August 2017

China: What to expect in the next six months


August 2017

Synchronized Earnings Growth and Leveraged Finance Markets

The synchronized recovery in global earnings finally appears to be here. Every major market region in the world is now seeing significant earnings growth. Are there still opportunities in global high yield?


August 2017

Small Cap’s Road Back to Normal

Portfolio Manager Chuck Royce and Co-CIO Francis Gannon see a consolidating asset class ready to make its next move up.


August 2017

WAM John Bellows: Four lessons from the Taper Tantrum

Emerging Markets are more resilient to any potential new taper tantrum as their spreads are higher and their currencies lower relative to 2013.


August 2017

Bridges Freeze Before Roads: Go Slow

In a way, the Fed was a key first responder to the global financial crisis. And now, it’s going to be the first major central bank to pursue quantitative tightening (QT), the more uncertain leg of its great “monetary policy experiment.”


July 2017

Could the Fed be more cautious about future hikes?

Steady but unspectacular global growth has not materially changed. We remain optimistic that global growth of around 3% is sustainable while ...


July 2017

U.S. Stocks: Trends Signal Continued Upside

Corporate earnings growth, an expanding economy and ample liquidity remain supportive of the current bull market.


July 2017

Small-cap stocks: Healthy Rotation or Rally at Risk?

Royce Co-CIO Francis Gannon looks at recent small-cap results and sees a consolidating asset class setting the stage for its next move up.


July 2017

Q&A with Richard Elmslie: Trump’s Infrastructure Plan

RARE Infrastructure provides insight on President Trump’s infrastructure plan, including the necessary incentives to attract private capital and the challenges that the Trump administration could face.


June 2017

Infrastructure and Rising Rates: A Myth Too Far?

There are many who believe rising interest rates pose headwinds for income-producing equities. Yet history suggests infrastructure stocks may be an exception to that rule...


June 2017

Small-Cap Breakout

Will the recent run-up in the Russell 2000 hold? Co-CIO Francis Gannon examines the forces behind the latest rise.


June 2017

Why Active Management Makes A Difference


June 2017

The Fed Hikes, but how many more?

For the second time in 2017, the U.S. Federal Reserve raised the federal funds target rate, now at 1.25%. Will the Fed stand pat in September?


June 2017

UK Election 2017: Hung Parliament


May 2017

French election 2017: Markets march on

What do Legg Mason's portfolio managers have to say about Emmanuel Macron's victory?


April 2017

Are Small Cap Earnings in Trouble?

Royce co-CIO Francis Gannon looks at the earnings picture for small-caps versus large-caps and sees a silver lining for earnings-focused active managers.


April 2017

Build It And They Will Come

In specialized market sectors like infrastructure, active management may be the natural choice for many investors.


April 2017

The Infrastructure Rally

Infrastructure stocks got off to a solid start in 2017 after outperforming global equities in general during a volatile 2016


April 2017

Growth is where you find it

Investing in growth stocks outside the limits of traditional benchmarks has allowed ClearBridge PMs Margaret Vitrano and Evan Bauman to thrive in a crowded field.


April 2017

A Small-Cap Pause That Refreshes?

It was a curious quarter for small-caps, with several key trends in 2016 reversing. Royce Co-CIO Francis Gannon analyzes the cross-currents, why they may be temporary, and why the small-cap rally has room to run.


March 2017

Low Volatility Stocks: The Time is Now

Equity market volatility has been notably absent lately - but how long can that continue, given the risks lurking below the surface? QS Investors' James Norman on why it's important to stay ready with an allocation to low-volatility stocks.


March 2017

Outsider vs. Outsider

With the Presidential race down to two untraditional candidates, should investors be concerned about what's next for France and the EU? Our affiliates look through the short-term noise ...


March 2017

Brexit and Article 50: Crossing the Rubicon

What does the UK’s formal request today (March 29) to trigger negotiations to exit the European Union mean for companies and investors? Some quick thoughts from Martin Currie’s Mark Whitehead.


March 2017

Small-Caps: Resisting Rate Risk

Small cap stocks have far less sensitivity to interest rate moves than their large-cap cousins - a quality worth considering given the Fed's plans to normalize rates further this year.


March 2017

Natural Fit: Rate Hikes and Small-Cap Value

What do rising rates have to do with stocks? The small-cap equity markets' response to a rising-rate environment.


March 2017

European stocks: Political Noise vs Economic News

Europe's political risks are real, but offset by improving economic conditions; a recipe for on-off volatility that nimble managers can turn to their advantage.


March 2017

Central Bank Watch
US Fed: Rate normalisation – here to stay?

 


March 2017

Does the economic outlook call for more optimism?

Ken Leech WAM's CIO explains their evolution towards a more optimistic tone, although one that is still cautious.


 
...