Dec 9, 2024
Structural shifts are reshaping economies – reinforcing our view that we are not in a typical business cycle. We stay pro-risk heading into 2025. Read more.
Dec 2, 2024
We see unique regional themes driving global earnings – a reason earnings growth is uneven outside the U.S. Read how granularity helps us find opportunities.
Nov 25, 2024
We believe AI could radically reshape economies and markets. Identifying the full slate of AI beneficiaries calls for an active investment approach. Learn more.
Nov 18, 2024
The U.S. election reinforces our expectation for persistent inflation pressures and high-for-longer interest rates. We evolve our strategic views. Learn more.
Nov 11, 2024
Market-moving events can highlight structural shifts. The implications of a world shaped by supply were in focus at our 2025 Outlook Forum. Read the takeaways.
Nov 4, 2024
Recent data backs our view that the Federal Reserve won’t cut rates as much as markets expect. Read why we think the European Central Bank has more room to cut.
Oct 28, 2024
Surging U.S. short-term Treasury yields and narrowing credit spreads support our preference for short over long credit and Europe over the U.S. Learn more.
Oct 21, 2024
We think U.S. corporate earnings strength will keep broadening beyond tech in the Q3 season. We also see bright spots in Japan and European sectors. Learn more.
Oct 14, 2024
We see opportunities in global stocks trading at attractive relative valuations with potential support from catalysts – like in China and Japan. Learn more.
Oct 7, 2024
We stay risk-on heading into Q4 due to a favorable near-term macro backdrop. Recently choppy markets show why having an investment anchor is key. Read more.
Sep 30, 2024
The outlook for real estate is brightening as central banks cut policy rates and mega forces stoke demand. We get granular by region and sector. Read more.
Sep 23, 2024
The U.S. election outlook is coming into focus with election day just weeks out. We assess the impact of likely policy differences on markets. Read more.
Sep 16, 2024
The Fed is set to cut interest rates for the first time since the pandemic. Yet central banks are not heading for an easy policy stance, in our view. Read more.
Sep 9, 2024
We move from a U.S. tech focus with our equity overweight, leaning further into a wider set of winners from the artificial intelligence buildout. Read more.
Sep 3, 2024
Investors have started to worry about tech companies spending big on artificial intelligence. We focus on the broader story and stay overweight the AI theme. Read more.
Aug 12, 2024
Recent extreme market volatility show the impact of sudden sentiment shifts and sharp position unwinds. We lean into risk and high-conviction ideas. Read more.
Aug 6, 2024
More central banks are starting to cut rates, but we think they’ll stay above pre-pandemic norms. We prefer short-term government bonds and credit. Read more.
Jul 29, 2024
We see recent market volatility tied to near-term sentiment shifts rather than corporate earnings and macro data. We look through these air pockets. Read more.
Jul 22, 2024
We think big tech can keep delivering on high corporate earnings expectations. We stay positive on stocks and the artificial intelligence theme. Read more.
Jul 15, 2024
We see unprecedented waves of transformation creating an unusually wide range of outcomes. Rather than waiting for clarity, we’re leaning into risk. Learn more.
Jul 8, 2024
Developed market central banks are starting to cut policy rates. Read why we think they’ll have to keep rates higher for longer, like some emerging markets.
Jul 1, 2024
Total income has returned to credit thanks to higher-for-longer interest rates. We prefer pockets where investors are better compensated for risk. Learn more.
Jun 24, 2024
We see a small group of tech winners leading stock gains as a feature of the artificial intelligence (AI) theme – not a flaw. We stay overweight U.S. stocks.
Jun 17, 2024
BlackRock investment leaders at our Outlook Forum see a concentrated group of AI winners driving returns over a short-term tactical horizon. Read more.
Jun 10, 2024
We stay overweight U.S. stocks ahead of the election yet are cautious on Treasuries given the fiscal outlook. We see positives from global elections. Read more.
Jun 3, 2024
Major central banks are gearing up to cut interest rates. Learn why we think cutting cycles for the European Central Bank and its counterparts will be atypical.
May 28, 2024
Mega forces are creating major infrastructure needs. Learn about the investment opportunities we find today in places where multiple mega forces intersect.
May 20, 2024
Staying dynamic on a strategic horizon allows us to take advantage of sharp valuation shifts. We go overweight EM stocks and DM government bonds. Read more.
May 13, 2024
We see diverging monetary policy driving the slide in the yen – for now. A weak yen is unlikely to end the positive momentum in Japanese equities, we think. Read more.
May 6, 2024
Today’s more volatile macro regime creates greater uncertainty for markets and the Fed. Learn why we eye new data, not Fed signals, to gauge the policy path.
Apr 29, 2024
Geopolitical risk has escalated in the Middle East. The flare-up of tensions shows how mega forces provide a useful investment lens now, not just in the future.
Apr 22, 2024
U.S. earnings updates will be key to see if they can keep topping expectations and buoying risk appetite in a higher-for-longer interest rate environment. Read more.
Apr 14, 2024
We eye signs of earnings growth broadening beyond tech stocks. We stay overweight U.S. stocks while monitoring Middle East tensions. Read our market commentary.
Apr 8, 2024
Working-age populations are declining in major economies. We target well positioned countries and sectors poised to benefit from shifting demand. Read more.
Apr 1, 2024
Yields jumped as central banks hiked rates to historic highs – ushering in a new era for fixed income. Learn why we stay selective in fixed income and credit.
Mar 25, 2024
We remain pro-risk in our six- to 12-month tactical views as Q2 starts. Read why we stay overweight U.S. stocks and up our overweight on Japanese stocks.
Mar 18, 2024
Markets see a positive near-term macro and corporate backdrop for the U.S. and Japan. We eye risks ahead. Read why we stay overweight stocks in both countries.
Mar 11, 2024
We track battery prices, elections and market attention on climate resilience to identify transition-related investment opportunities and risks. Read more.
Mar 4, 2024
We like euro area high yield credit, emerging market debt and U.S. stocks in a supportive environment for risk taking. Learn more in our market commentary.
Feb 26, 2024
We see Japanese stocks climbing higher. Read our take on how robust earnings, corporate reforms and a likely cautious Bank of Japan will be key drivers.
Feb 20, 2024
We think market optimism can persist for now but stay nimble. Read why greater dispersion of returns spurs us to get more active in our long-term portfolios.
Feb 12, 2024
We like emerging markets as upbeat risk appetite carries on. We also see big structural shifts creating granular opportunities within countries. Learn more.
Feb 5, 2024
We don’t see Q4 earnings challenging upbeat risk appetite even as we see 2024 earnings growth below the consensus. Learn more in our weekly market commentary.
Jan 29, 2024
We think stock momentum can run for now as inflation cools and the Federal Reserve readies to cut rates. We go overweight U.S. stocks overall. Read more.
Jan 22, 2024
Geopolitical fragmentation is playing out in recent events in Asia and the Middle East. We see it keeping inflation pressures elevated longer term. Read more.
Jan 16, 2024
U.S. stocks could run with hopes for inflation to fall to target and sharp rate cuts into 2024. Learn why we expect resurgent inflation to come into view.
Jan 8, 2024
Risk assets surged to end 2023 as the Federal Reserve blessed market hopes for rate cuts. That momentum could persist for some time as inflation cools. Read more.
Jan 2, 2024
2023 stressed the value of adapting to a new volatile macro regime, and leveraging investment insight and structural forces to find opportunities. Learn how.
Dec 11, 2023
The new regime has led to greater dispersion of returns. We think this calls for managing macro risk, being selective and seeking out mispricings. Learn more.
Dec 4, 2023
We track the low-carbon transition for investment opportunities and risks. Read about the three themes we’re following at the annual UN climate conference.
Nov 27, 2023
We turn more positive on short- to medium-term developed market (DM) sovereign bonds in our latest strategic update. We trim DM stocks to neutral. Learn why.
Nov 20, 2023
We see volatility as a constant in the new regime. We’re neutral long-term U.S. Treasuries due to more balanced after three years of rising yields. Read more.
Nov 13, 2023
Learn why we see artificial intelligence (AI) as one of five mega forces shaping the new regime. We are overweight the AI theme in developed market stocks.
Nov 6, 2023
Developed market (DM) central banks have signaled high-for-longer policy rates. We stay selective in DM equities and prefer international stocks. Learn why.
Oct 30, 2023
Tectonic shifts in the U.S. financial sector are changing the markets for deposits and credit. This is a mega force we see affecting returns now and in the future.
Oct 23, 2023
U.S. corporate earnings have stagnated with the economy. We stay selective in stocks and harness mega forces like artificial intelligence as key profit centers.
Oct 16, 2023
We turn tactically neutral long-term Treasuries as markets price high-for-longer policy rates but stay underweight strategically. Read more.
Oct 9, 2023
We see markets adjusting to the new regime. This is not a typical business cycle – learn why we think structural mega forces are shaping the outlook now.
Oct 2, 2023
Markets are adjusting to the new volatile regime. We see opportunities in the UK and euro area bond repricing, and still prefer Japanese equities. Read more.
Sep 25, 2023
Bond yields are surging as the volatile macro regime brings uncertainty over central bank policy and risks ahead. We get granular in bonds and equities.
Sep 18, 2023
We see the new regime playing out and a high interest rate world, with stagnant activity and persistent inflation. We shift our tactical views to reflect this outlook.
Sep 11, 2023
Market narratives have flip-flopped through the year as the new macro regime plays out. We stay selective amid stagnating activity and volatile inflation.
Sep 5, 2023
We up short-term sovereign bonds on attractive yields and downgrade credit in the long run. Read why we stay cautious on long-term bonds.
Aug 14, 2023
U.S. corporate earnings have stagnated for a year, but Q2 beat a low bar. Expectations of improving margins look rosy. We stay selective in stocks. Learn why.
Aug 7, 2023
We see emerging markets better withstanding volatility and benefiting as supply chains rewire. We switch our EM debt preference to hard currency. Read more.
Jul 31, 2023
Major central banks tightened policy last week, including unexpectedly in Japan. Learn why we see a risk that Japanese bond yields pull global yields higher.
Jul 24, 2023
Central banks are set to hike policy rates again. Read why we see them holding tight even as markets expect rate cuts to soon follow due to cooling inflation.
Jul 17, 2023
Learn why we favor emerging market (EM) assets over developed market peers. We apply our new playbook to EMs by getting granular and harnessing mega forces.
Jul 10, 2023
Higher expected corporate earnings mask broad pressure under the surface. Read why we see more earnings pain ahead and look for opportunities within sectors.
Jul 3, 2023
Learn why we see different and abundant opportunities in the new regime. We go granular within asset classes, regions and sectors – and harness mega forces.
Jun 26, 2023
We see the outlook brightening for Japan’s stocks vs. developed peers on fewer supply constraints, supportive monetary policy and corporate reforms. Read more.
Jun 20, 2023
Sticky inflation is leading major central banks to keep policy tight. We prefer EM debt as policy loosens and like short-dated bonds for income. Read more.
Jun 12, 2023
BlackRock investment leaders at our Outlook Forum agreed the new regime is playing out. They eye assets that price that in. Read more takeaways.
Jun 5, 2023
We see market focus returning to higher-for-longer rates and sticky inflation after a U.S. debt ceiling deal. Read why we prefer an up-in-quality portfolio.
May 30, 2023
We prefer private to public credit long term. It’s the mirror image in equity: We prefer public stocks. Read why.
May 22, 2023
We prefer private to public credit long term. It’s the mirror image in equity: We prefer public stocks. Read why.
May 15, 2023
We think the U.S. debt limit showdown will spark more market volatility. Learn how that reinforces why we stay invested and cautious by going up in quality.
May 8, 2023
Financial cracks from rate hikes have caused jitters in commercial real estate. Yet granularity is key. Read why we see the appeal of some industrial assets.
May 1, 2023
We see bond yields staying high in the new regime – that means income is back as a portfolio driver. Learn how we stay nimble and granular across fixed income.
Apr 24, 2023
We are leaning into our preference for emerging market (EM) assets due to China’s restart, ending EM rate hiking cycles and a weaker U.S. dollar. Learn more.
Apr 17, 2023
The joint stock-bond rally this year has put renewed focus on portfolio construction approaches. Read why we think a new macro regime needs a new approach.
Apr 10, 2023
We upped our overweight of inflation-linked bonds in March to take advantage of the market pricing lower inflation – our new playbook in action. Learn more.
Apr 3, 2023
We see the U.S. policy push for leadership in clean tech and Europe’s fast-developing response creating near-term and strategic opportunities. Read more.
Mar 27, 2023
Central banks confront the growth-inflation trade-off, with the Fed seeing recession but no rate cuts. Learn why we agree – and prefer inflation-linked bonds.
Mar 20, 2023
Financial cracks from rapid rate hikes are emerging. Read why we are underweight equities, downgrade credit and prefer short-term government bonds for income.
Mar 13, 2023
Stocks are starting to reflect the damage from higher rates. We see more hikes due to sticky inflation. But expected earnings still look rosy to us. Read more.
Mar 6, 2023
We think improving euro area activity signals more rate hikes. We like short-term government bonds, high-quality credit and selected equity sectors. Read more.
Feb 27, 2023
We think value stocks can outperform as interest rates rise. Regions and sectors help us find quality within value and growth at a reasonable price. Read how.
Feb 21, 2023
Markets are waking up to our expectation of more central bank rate hikes as inflation proves sticky. We go overweight U.S. short-term bonds. Learn why.
Feb 13, 2023
The Bank of Japan looks set to shift its ultra-loose policy as inflation takes root. Read why we see risks to global yields, risk appetite and Japanese stocks.
Feb 6, 2023
We see central banks stumbling into a new phase of the inflation fight. Read what that means for rate hikes and why we like short-term bonds and credit.
Jan 30, 2023
We don’t see major central bank rate cuts in 2023. We prefer income in short-term bonds, high-grade credit and agency mortgage-backed securities. Read more.
Jan 23, 2023
Three positive developments to start the year have reinforced our long-term positive view on equities. Yet read why we think market optimism has come too soon.
Jan 17, 2023
Emerging markets have weathered tightening financial conditions. We see a relatively good backdrop for EM assets as EM rates peak and China reopens. Read why.
Jan 9, 2023
Recession foretold in developed markets, a pause in central bank rate hikes and China’s reopening help shape 2023 and reinforce our tactical views. Learn more.
Jan 3, 2023
2022 was marked by historic shocks – war, soaring inflation and a perfect market storm. Read how they shaped our three investment lessons for the new year.
Dec 12, 2022
Central banks are trying to crush demand to bring down inflation. We think markets are wrong to expect them to come to the rescue. Learn why in our commentary.
Dec 5, 2022
The new regime is playing out. Read why we think that requires a new, dynamic playbook based on views of market risk appetite and pricing of macro damage.
Nov 28, 2022
Aging has worsened labor shortages, raising the cost of taming inflation. We see the Fed living with some inflation. Learn what that means for investing.
Nov 21, 2022
Our strategic views are evolving. Read why we lean into investment-grade credit and away from high yield, and stay overweight inflation-linked bonds and stocks.
Nov 14, 2022
Surging stocks show that markets believe hopes of a soft landing by the Fed to be true. Learn why we disagree and stay underweight developed market stocks.
Nov 7, 2022
BlackRock’s top investment leaders got together at the Outlook Forum. The upshot: The new regime is not about to change, and we need a new playbook. Learn why.
Oct 31, 2022
We see central banks on a path to overtighten policy. Their balance sheet reductions up selling pressure on government bonds, so we’re underweight. Read more.
Oct 24, 2022
The recession we see from Federal Reserve rate hikes eclipses any impact from U.S. midterm elections. Read why we stay underweight developed market stocks.
Oct 17, 2022
We’re underweight government bonds because yields have room to move higher, and we don’t think they can be a safe haven when recession comes. Read why.
Oct 10, 2022
Macro policy is ripping through markets now. Real assets in private markets like infrastructure could be attractive long term. Read why in our commentary.
Oct 3, 2022
The new regime poses a stark trade-off for central banks: tame inflation or preserve growth. Read why we see them overtightening and learn how we keep risk low.
Sep 26, 2022
Many central banks aren’t acknowledging the extent of the recession needed to get inflation quickly down to their targets. Read more for the implications.
Sep 19, 2022
A new regime of macro volatility is playing out with weaker growth, persistent inflation and volatile markets. Read why we reaffirm our tactical views.
Sep 12, 2022
We think the energy crisis will spur a recession in Europe. The ECB is trying to fight inflation without recognizing the costs. Learn more in our commentary.
Sep 6, 2022
Policymakers are starting to acknowledge the new regime, but they’re ignoring the trade-off between inflation and growth. Read what that means for stocks.
Aug 15, 2022
We see company earnings deteriorating as consumer spending shifts and the restart sputters. Read our commentary to learn how this affects our view on stocks.
Aug 8, 2022
We prefer credit over equities in the short term as a new market regime with higher volatility takes shape, in our view. Read our commentary to learn why.
Aug 1, 2022
We highlight three behavioral biases likely to trouble investors in this new, volatile market regime. Read our market commentary for tips to overcome them.
Jul 25, 2022
Market views of Fed rate hikes have swung. Read why we expect more volatility as long as central banks think they can curb inflation without crushing growth.
Jul 18, 2022
Europe is facing the risk of an energy shock-driven recession and periphery stress. Read how we think that will affect the ECB’s plans to hike interest rates.
Jul 11, 2022
We’ve downgraded most developed market equities to underweight in the short term, while we lean into credit. Read more in our market commentary.
Jul 5, 2022
Commodities prices have spiked as demand from the restart clashed with tight supply. Read why we see an era of structurally higher commodities prices ahead.
Jun 27, 2022
Growth concerns, inflation and volatility fueled the debate at our Outlook Forum over why we’re entering a new macro and market regime. Read what that means.
Jun 21, 2022
We see the Fed on a path to raise rates far enough this year to hurt growth and grind the U.S. activity restart to a halt. Read why in our market commentary.
Jun 13, 2022
Valuations that haven’t really improved, a risk the Fed overtightens, and mounting profit margin pressures keep us from buying the stock dip. Read more.
Jun 6, 2022
We think central banks have primed markets to expect too many rate hikes. That keeps us neutral on stocks in the short run. Read more in our market commentary.
May 31, 2022
We still prefer equities over fixed income on a strategic horizon, but we moderate our stance. Read more in our market commentary.
May 23, 2022
We downgrade our developed market equities overweight to neutral given three key risks to the economic outlook. Find out more in our market commentary.
May 16, 2022
We recently cut risk, but we still prefer stocks over bonds for now. Find out why in our market commentary.
May 9, 2022
We upgrade European government bonds and investment grade credit, and downgrade Chinese assets to reduce risk amid a worsening macro outlook. Learn more.
May 2, 2022
Wages are rising at the fastest clip since the 1980s. Yet we think wages can rise more without adding to inflation. Learn why in our market commentary.
Apr 25, 2022
We like emerging market local debt within an overall bond underweight. Much monetary tightening has been done, and valuations are compelling. Read our market commentary.
Apr 18, 2022
We prefer equities even as bond yields have sprinted higher. Global growth is still solid, and we see central banks ultimately living with inflation. Read our market commentary.
Apr 11, 2022
Supply shocks have created scarcity inflation, making higher inflation more persistent and increasing the risk of a growth slowdown. Read our market commentary.
Apr 4, 2022
The West is trying to wean itself off Russian energy in the wake of the tragic war in Ukraine. We see this hurting growth and increasing inflation. Learn more.
Mar 29, 2022
We update our Q2 2022 outlook views in the wake of the energy shock and the Fed’s hawkish pivot on rates. Learn more in our global weekly market commentary.
Mar 21, 2022
The Fed is projecting large and rapid increases in rates to tame inflation. We think this could just be tough talk. Learn why in this week's market commentary.
Mar 14, 2022
The war in Ukraine has caused a terrible human toll. We see it extracting a heavy economic price as well – is stagflation ahead? Read our market commentary.
Mar 7, 2022
We see developed market government bonds as ineffective portfolio diversifiers in the current inflationary environment. Learn why, read the weekly commentary.
Feb 28, 2022
We now have more clarity on the Ukraine conflict and see a reduced risk of aggressive central bank policies to curb inflation. Read the weekly commentary.
Feb 22, 2022
Markets have been volatile so far this year and geopolitical tensions are top of mind. So, where do we see opportunities? Read the Global weekly commentary.
Feb 14, 2022
In 2020, we theorized about a shift towards sustainability and now we have evidence that a repricing of assets is happening. Read the Global weekly commentary.
Feb 7, 2022
Markets are pricing in more rate hikes. We see this as too hawkish. What will this mean for the net-zero transition? Read the Global weekly commentary.
Jan 31, 2022
We explain why we do not plan to buy the dip...yet. Read our market take in the Global weekly commentary.
Jan 24, 2022
We trim our underweight of U.S. Treasuries. Learn why in the Global weekly commentary.
Jan 18, 2022
We believe the historically low sum total of rate hike is key, not the timing. Learn more in the Global weekly commentary.
Jan 10, 2022
We believe the Omicron virus spike will derail and not delay the powerful economic restart of activity. Learn more in the Global weekly commentary.
Dec 13, 2021
We take away three investing lessons of 2021. Read our take in the Global weekly commentary.
Nov 22, 2021
Inflation was a key topic at our 2022 Outlook Forum. Read about the discussions in our Global weekly commentary.
Nov 15, 2021
Inflation was a key topic at our 2022 Outlook Forum. Read about the discussions in our Global weekly commentary.
Nov 8, 2021
EMs play a key role in the global net-zero transition. Read about why it matters to investors in our Global weekly commentary.
Nov 1, 2021
We discuss what corporate earnings may look like as we move beyond the restart. Read more in our Global weekly commentary.
Oct 25, 2021
What do surging coal and natural gas prices tell us about the net-zero transition? Read more in our Global weekly commentary.
Oct 18, 2021
We see persistent inflation pressures - but no 1970s-style stagflation.
Oct 11, 2021
We believe the debt ceiling dispute will eventually resolve. Read more in our Global weekly commentary.
Oct 4, 2021
What does the recent Treasury yield spike mean for investors? Read more in our Global weekly commentary.
Sep 27, 2021
We stay tactically pro-risk amid the broadening economic restart. Read more in our Global weekly commentary.
Sep 20, 2021
What does the latest debt ceiling showdown mean for markets? Read more in our Global weekly commentary.
Sep 13, 2021
We see a need for a more granular approach in strategic portfolios. Read about why in our Global weekly commentary.
Sep 7, 2021
Two key events in Europe ahead underpin our tactical overweight on European equities. Read more in our Global weekly commentary.
Aug 16, 2021
Ignoring the effects of climate change on portfolios is not an option for investors. Read more in our Global weekly commentary.
Aug 9, 2021
The U.S. appears to be passing the baton to Europe to lead the global economic restart. Read more in our Global weekly commentary.
Aug 2, 2021
We take stock of the latest policy moves in China. Read more in our Global weekly commentary.
Jul 26, 2021
How to take advantage of near-term market volatility? Learn more in our Global weekly commentary.
Jul 19, 2021
We view China’s monetary policy loosening as unlikely to derail a focus on quality growth in the medium term, supporting our views on Chinese assets.
Jul 12, 2021
We remain pro-risk despite market volatility amid the powerful restart dynamics. Read more in our Global weekly commentary.
Jul 6, 2021
The office isn’t dead, but flexible working may help drive a dispersion in the market. Read more in our Global weekly commentary.
Jun 28, 2021
What do potentially higher taxes mean for U.S. equities? Read more in our Global weekly commentary.
Jun 21, 2021
The Fed is catching up with the powerful economic restart reality. Read more in our Global weekly commentary.
Jun 14, 2021
BlackRock’s senior executives and portfolio managers discuss what’s beyond the restart. Read more in our Global weekly commentary.
Jun 7, 2021
We expect the ECB to maintain its current pace of asset purchases. Read about why in the Global weekly commentary.
Jun 1, 2021
The policy revolution has far-reaching implications on our strategic asset views. Read more in the Global weekly commentary.
May 24, 2021
Why care about geopolitical risks when powerful near-term market drivers are in focus? Read more in the Global weekly commentary.
May 17, 2021
Why should you look through volatile near-term data and market volatility? Read more in the Global weekly commentary.
May 10, 2021
Markets are still grappling with the Federal Reserve’s new policy framework. Read more in the Global weekly commentary.
May 3, 2021
What will happen to inflation after an imminent peak? Read more in the Global weekly commentary.
Apr 26, 2021
A powerful economic restart is underway, we stay pro-risk and adjust our tactical views. Read more in the Global weekly commentary.
Apr 12, 2021
What’s the outlook for commodities after their recent rally? Read more in the Global weekly commentary.
Apr 12, 2021
Emerging market assets have had a rough start to the year. What lies ahead? Read more in the Global weekly commentary.
Apr 5, 2021
We see sustainability as a crucial driver of long-term asset returns. Read more in our weekly commentary.
Mar 29, 2021
Rising yields in theory are bad for high-growth tech stocks. We lay out why this time may be different in the weekly commentary.
Mar 22, 2021
What to make of Chinese assets after the recent stock selloff? We share our views in the weekly commentary.
Mar 15, 2021
We lay out three reasons why we see a strong restart ahead – not a typical recovery. Read more in the weekly commentary.
Mar 8, 2021
We see UK and European equities likely benefitting from a broad activity restart. Read more in the weekly commentary.
Mar 1, 2021
We are incorporating the effects climate change into our return assumptions. Read more in our weekly commentary.
Feb 22, 2021
We share our latest asset view changes, including why we are downgrading government bonds tactically, in the weekly commentary.
Feb 16, 2021
The fiscal debate has come into focus as rising debt levels and inflation one day may threaten the low-rate regime. Read our weekly commentary for insights.
Feb 8, 2021
The pandemic has accelerated structural trends. Read about what it means for investing in our weekly commentary.
Feb 1, 2021
Are equity valuations stretched? We think not. Read about why in our weekly commentary.
Jan 25, 2021
What do rising inflation expectations mean? Read our weekly commentary.
Jan 19, 2021
Read about investment implications of a bipolar U.S.-China world order.
Jan 11, 2021
Read about implications of the Democrats' new slim majority in Congress.
Jan 4, 2021
Read about three key lessons we learned from navigating markets in 2020.
Dec 14, 2020
Read about how to position strategic portfolios for the new nominal.
Dec 7, 2020
Read about the reason behind our pro-risk stance for 2021.
Nov 30, 2020
Read about our latest views on credit.
Nov 23, 2020
Read about why we are upgrading U.S. equities to overweight.
Nov 16, 2020
We discuss the implications of Covid vaccines on the 2021 outlook.
Nov 9, 2020
We discuss the investment implication of the U.S. election.
Nov 2, 2020
We update our equity views in both regional and factor spaces.
Oct 26, 2020
We are updating tactical views on government bonds.
Oct 19, 2020
We see opportunities for private credit in corporate restructurings.
Oct 5, 2020
Read about the implications of the U.S. election for key sectors.
Sep 28, 2020
Read about major policy implications of the U.S. election.
Sep 21, 2020
Read about the forces driving a higher inflation regime in coming years.
Sep 14, 2020
Read about why we are maintaining our pro-risk stance.
Sep 7, 2020
Read about how to approach strategic asset allocations in the post-Covid world.
Aug 24, 2020
Read about how to approach strategic asset allocations in the post-Covid world.
Aug 10, 2020
Read about what's behind the U.S. dollar's recent slide.
Aug 3, 2020
Read about our last views on equity style factors.
Jul 27, 2020
We show how sustainable investing can add real resilience to portfolios by highlighting an underappreciated climate-related risk: water stress.
Jul 20, 2020
We see European stocks as key beneficiaries of the global economic restart.
Jun 29, 2020
Read about the key takeaways from our midyear outlook.
Jun 22, 2020
Read about why we are warming up to European assets in our weekly commentary.
Jun 15, 2020
What role do private markets play in a low-interest, post-Covid world? Read more in our weekly commentary.
Jun 8, 2020
Read about the policy revolution in the weekly commentary.
Jun 1, 2020
China’s economy is restarting after emerging from the lockdowns. Read more in our weekly commentary.
May 26, 2020
We believe the virus shock spurs the need for a strategic asset allocation revamp.
May 18, 2020
We update our equity views.
May 11, 2020
We review our stance on euro area peripherals after a surprise German court ruling.
May 4, 2020
We see a need and opportunity to adjust strategic portfolios in the wake of the pandemic.
Apr 13, 2020
We prefer U.S. stocks over other developed markets.
Apr 6, 2020
We upgrade our view on credit at the wake of policy response to the coronavirus shock.
Mar 30, 2020
Portfolio resilience is top of mind during market turbulence. Our weekly commentary explains how sustainable investing fits in.
Mar 23, 2020
We favor rebalancing portfolios after the selloff in equities and other risk assets. Read why in our Weekly Commentary.
Mar 16, 2020
We do not see the coronavirus shock sparking a 2008-like crisis. Read why in our weekly commentary.
Mar 9, 2020
A decisive monetary-fiscal policy action is key to combat the outbreak’s economic fallout. Read more in our weekly commentary.
Mar 2, 2020
How is the coronavirus outbreak affecting our outlook on global growth – and asset views? Learn more in our weekly commentary.
Feb 24, 2020
The coronavirus outbreak has helped shift market dynamics, including in the factor space. Learn more in our weekly commentary.
Feb 17, 2020
We see global growth edging higher in 2020, though the coronavirus outbreak has added uncertainties around the timing of the pickup.
Feb 10, 2020
We are still neutral on U.S. equities despite their outperformance in recent weeks. Read why in our weekly commentary.
Feb 3, 2020
The coronavirus outbreak has spooked markets. Read about its potential risks to the global economy in our weekly commentary.
Jan 27, 2020
We explain why we like cyclical assets including Japanese and emerging market equities in our weekly commentary.
Jan 20, 2020
We explain why we like cyclical assets including Japanese and emerging market equities in our weekly commentary.
Jan 13, 2020
We highlight three key themes in geopolitics to monitor in 2020 – and what it means for investing – in our weekly commentary.
Jan 6, 2020
We lay out some reasons behind our preference for Treasury Inflation-Protected Securities (TIPS) in our Weekly commentary.
Dec 16, 2019
We have made meaningful changes to our asset views heading into 2020. Read more in our Weekly commentary.
Dec 9, 2019
Why should you read our 2020 Global outlook? We highlight the key takeaways in our weekly commentary.
Dec 2, 2019
We identified the protectionist push as a key market driver early this year but we did not foresee the massive move down in global yields. Read more in our weekly commentary.
Nov 25, 2019
Today’s ultra-low yield backdrop challenges the role of government bonds as portfolio ballast. Read more in our weekly commentary.
Nov 18, 2019
Sustainable investing is quickly catching up in fixed income thanks to new tools and insights. Read more in our weekly commentary.
Nov 11, 2019
What lies ahead in 2020? Our answer will depend on debates at our outlook forum this week. Read more in our weekly commentary.
Nov 4, 2019
The Federal Reserve has signaled the end of its rate cuts for now. What next? Read more in our weekly commentary.
Oct 28, 2019
EM debt has rallied amid a perceived easing of trade tensions. We cover the investing implications in our weekly commentary.
Oct 21, 2019
We see geopolitical risks as a persistent key driver of the global economy and markets. Read why in our weekly commentary.
Oct 14, 2019
Why do we maintain our underweight on Japanese equities despite their recent rally? Read details in our weekly commentary.
Oct 7, 2019
Earnings will be key for further U.S. equity gains. Read why in our weekly commentary.
Oct 2, 2019
We update our outlook on the economy for the rest of 2019 and its investment implications. Read more in our weekly commentary.
Sep 23, 2019
Has momentum’s moment passed? Read our take in the weekly commentary.
Sep 16, 2019
Where is U.S. economy going against the background of ongoing trade tensions? Read our take in the weekly commentary.
Sep 9, 2019
Deep divisions over a potential Brexit have unsettled UK politics. We examine the investing implications in our weekly commentary.
Sep 3, 2019
Intensifying trade frictions reinforce a key theme of our outlook but may challenge our moderately pro-risk stance. Read more.
Aug 12, 2019
U.S.-China tensions have escalated, spooking global markets. Read about how to navigate the situation in our weekly commentary.
Aug 5, 2019
We see dovish monetary policies extending the cycle and supporting risk assets, with protectionism the key risk. Read more in our weekly commentary.
Jul 29, 2019
We see government bonds still offering meaningful protection even after yields have fallen. Read why in our weekly commentary.
Jul 22, 2019
We expect the ECB to shift decisively dovish in coming months and upgrade European assets. Read more in our weekly commentary.
Jul 15, 2019
Central banks’ dovish pivot should stretch the cycle, supporting our upgrade of EM debt. Read more in our weekly commentary.
Jul 1, 2019
Gulf tensions have spiked, but oil prices have not reacted as strongly. Why the disconnect? Read more in our weekly commentary.
Jun 24, 2019
Major central banks have shifted toward more dovish stances. We examine the implications for our bond views.
Jun 17, 2019
The firm’s senior decision makers debated the midyear market outlook last week in London. We share the gist of our debates.
Jun 10, 2019
We share takeaways from a field trip to China amid rising U.S-China rivalry. Read details in our weekly commentary.
Jun 3, 2019
The Fed is considering a new policy framework to better steer inflation expectations. We examine the implications.
May 28, 2019
What do heightened geopolitical tensions mean for cyber risks? Read our take in the weekly commentary.
May 20, 2019
We see high yield bonds as a key source of income in bond portfolios, and advocate a balanced approach. Read more.
May 13, 2019
Low market volatility may not indicate low risks, especially in the late-cycle phase. Read more in our weekly commentary.
May 6, 2019
U.S. earnings growth has slowed markedly from 2018, yet the first quarter was surprisingly resilient. Read our earnings takeaways.
Apr 29, 2019
What would U.S.-Europe trade tensions mean for the economy and financial markets? Read the weekly commentary to find out.
Apr 22, 2019
China’s local-currency bond market is opening up to global investors. We cover the investing takeaways in our weekly commentary.
Apr 15, 2019
We showcase a new set of tools for assessing climate-related risks to portfolios. Read more in our weekly commentary.
Apr 8, 2019
We take a cautious short-term stance toward U.S. Treasuries yet still advocate exposure. We explain in our weekly commentary.
Apr 1, 2019
What are our views on the global economy and markets for the second quarter? Read more in our weekly commentary.
Mar 25, 2019
What does tech disruption mean to investors interested in the tech sector? Read more in our weekly commentary.
Mar 11, 2019
Small cap stocks are on a tear, yet we advise caution on chasing the rally. Read more in our weekly commentary.
Mar 11, 2019
Small cap stocks are on a tear, yet we advise caution on chasing the rally. Read more in our weekly commentary.
Mar 4, 2019
We see growing attraction of inflation-protected U.S. government bonds, given the economic and monetary policy outlook. Read more in our weekly commentary.
Feb 25, 2019
We see potential for positive returns for Chinese stocks, but would be more selective. Read more in our weekly commentary.
Feb 12, 2019
Emerging market debt has sharply rallied this year. Is now a good time to buy? Read our take in our weekly commentary.
Feb 4, 2019
Global stocks have started 2019 with a bang. Read about how to approach the rally in our weekly commentary.
Jan 28, 2019
We see compelling relative value in the BBB-rated segment of the European credit market. Read more in our weekly commentary.
Jan 22, 2019
How is this earnings season shaping up as the economic cycle moves into its late stage? Find out in our weekly commentary.
Nov 26, 2018
We discuss what a temporary truce between the U.S. and China on trade might mean for markets. Read more in our weekly commentary.
