Our latest macroeconomic insights Asset Allocation Update We do not think that most risky assets are overvalued We disagree with the idea that the valuations of most “risky” assets have risen to unsustainably high levels. In fact, we think that the valuation of the US stock market could have scope to rise a... 17th December 2020 · 5 mins read Global Markets Update Assessing the outlook for real yields and the euro While the real yield differential between the US and the euro-zone has moved against the euro recently we doubt that this trend will continue. And, in any case, we think that factors other than... 16th December 2020 · 2 mins read Global Markets Update Assessing the outlook for EM LC sovereign bonds Although we have revised up our forecasts for economic growth in many emerging markets (EMs), we generally still expect monetary policy to remain loose, or be loosened further, to the benefit of local... 14th December 2020 · 4 mins read Asset Allocation Update Q may be exaggerating US equity market overvaluation Although the level of “Equity Q” for the US non-financial corporate sector has risen to a record high, we are wary of concluding that the stock market is in an unprecedented bubble that is bound to... 11th December 2020 · 4 mins read Pagination Previous … Page 175 Page 176 Page 177 Page 178 Current page 179 Page 180 Page 181 Page 182 Page 183 … Next
Asset Allocation Update We do not think that most risky assets are overvalued We disagree with the idea that the valuations of most “risky” assets have risen to unsustainably high levels. In fact, we think that the valuation of the US stock market could have scope to rise a... 17th December 2020 · 5 mins read
Global Markets Update Assessing the outlook for real yields and the euro While the real yield differential between the US and the euro-zone has moved against the euro recently we doubt that this trend will continue. And, in any case, we think that factors other than... 16th December 2020 · 2 mins read
Global Markets Update Assessing the outlook for EM LC sovereign bonds Although we have revised up our forecasts for economic growth in many emerging markets (EMs), we generally still expect monetary policy to remain loose, or be loosened further, to the benefit of local... 14th December 2020 · 4 mins read
Asset Allocation Update Q may be exaggerating US equity market overvaluation Although the level of “Equity Q” for the US non-financial corporate sector has risen to a record high, we are wary of concluding that the stock market is in an unprecedented bubble that is bound to... 11th December 2020 · 4 mins read
