Ideas & Insights

Equities rallied, notably small cap and value stocks, amid more vaccine progress and the anticipation of more stimulus.

While we are constructive on near-term markets, we will focus on the rebound in business activity following progress with the vaccine.

November displayed the forward-looking nature of markets as global equities reacted positively that a vaccine may be distributed in 2021.

Rising COVID-19 cases and a failure from policy makers to pass further fiscal stimulus weighed on equity markets.

U.S. dollar strengthened in September as the existing monetary stimulus wane and expectations for fiscal stimulus before the election fade.

Sustained upside inflation risks remain low despite recent stimulus measures, but inflation dynamics are fluid.

Reopening risks weighed on midstream energy performance and relatively attractive yields benefited real estate.

In regard to fixed income, nominal Treasury yields fell across the curve and positive risk sentiment benefited credit spreads.

Investors can expect continued accommodative monetary policy and should recognize the Fed’s willingness to employ necessary emergency tools.

Global assets continued to recover in May but year-to-date returns broadly remain negative with the exception of fixed income.

Fiscal and monetary policy response to the global pandemic drive April performance in fixed income and equities markets.

Flight to safe haven assets and a halt in economic activity drive performance in fixed income and equities markets in first quarter 2020.

While volatility remains, we think the actions of the Fed and policymakers will eventually help to stabilize markets and restore liquidity.

In response to concerns about the economic fallout from COVID-19, the Federal Reserve (Fed) cut their policy benchmark rate mid-cycle.

U.S. equities were flat as concerns grew about the impact of the coronavirus on global economies, which increased volatility last month.

Risk assets were off to a strong start in 2020, but that abruptly reversed the last week of January. Read more.

Investors are now asking what, if anything, will derail markets from moving higher. Will a reversal in 2020 mean we’re back to the races?

Equities values broadly outperformed growth during the month of December, led by technology, energy, utilities and healthcare.

United States equities reached new highs in November and continued to gain on a mix of supportive monetary policy.

U.S. equities gained on strong employment and corporate earnings in October, suggesting that the U.S. economy is holding steady.