Commentary

What's Behind the Drop in Treasury Market Liquidity?

With the year winding down, investors might think they’ve seen it all. But one element of market dysfunction that’s largely flown under the radar is increased friction within the US Treasury market. Treasuries are experiencing a liquidity decline on the back of economic uncertainty and higher volatility, with large blocks of government debt increasingly hard to trade.

Commentary

Three Income Themes for Multi-Asset Investors in 2023

In one of the most challenging years for markets, 2022 brought persistently high inflation, aggressive central bank tightening and heightened geopolitical risks, leaving investors with few places to hide.

Commentary

From Fear to Hope

After a tough year for equities, is a recovery imminent?

Commentary

It’s Not Different This Time—You Are!

What a difference a decade makes!

Commentary

10 Reasons to Stay Invested in Equities

Equity investors have sustained significant losses this year and are facing a long list of new uncertainties.

Commentary

Rates and Stocks: How Low Can Valuations Go?

Equity valuations have fallen substantially as central banks hike interest rates to combat inflation.

Commentary

Drug Innovation Can Surmount New US Law's Price Caps

The cost of prescription medicine is a constant strain for many Americans.

Commentary

Market Collapse Raises Stakes for Active Equity Investors

Equity investors are trying to figure out whether steep share-price declines have led to attractive valuations, given mounting threats to fundamental business performance. The answer varies from company to company and requires an active equity investing approach to separate winners from losers.

Commentary

Investing in Technology Stocks After the Big Blowout

Technology stocks have been pummeled this year, leading some investors to question the sector’s future.

Commentary

Can the Sell-Off in Sterling Corporate Bonds Last?

UK government bonds prices have plunged recently. Sterling-denominated corporate bonds have also fallen sharply and are looking cheap.

Commentary

Can China Revive Economic Growth Post-Congress?

China's 20th National Congress could help air ideas for more growth-supportive policies.

Commentary

Capital Markets Outlook: 4Q 2022

The difficult capital markets saga of 2022 continued through the third quarter with few safe harbors as rates rose and growth slowed.

Commentary

Fixed-Income Outlook: Stormy Weather and Silver Linings

2022 has been a stormy year for bond investors, and the forecast calls for more of the same. We address today’s biggest investment challenges—from persistent inflation to rising rates to a looming recession—the silver linings of higher yields, wider credit spreads, and strategies for navigating bad weather.

Commentary

Equity Income: The Dividend Defense Against Inflation

Many investors are searching for assets that can help protect portfolios from inflation.

Commentary

Equity Outlook: Charting a Course Beyond Uncertainty

Equity market volatility persisted in the third quarter as investors came to terms with a new reality of high inflation and rising interest rates.