The information technology (IT) sector of the S&P 500 has been on another tear since late April. Although its valuation is still not stretched and its weighting in the index will probably rise even...

Although investors have become less concerned about the political situation in Italy, we do not expect a significant rebound in Italian equities, which have already come under pressure again this week...

We have lowered our end-year forecasts for the yields of 10-year government bonds in the US, Germany and UK, all of which have fallen sharply during the past fortnight as Italy’s political crisis has...

Although the yields of emerging market dollar-denominated corporate bonds have already risen substantially since the start of February, we expect them to climb much further.