report by BlackRock
Results for ""
Market Outlooks
AAM Viewpoints: The Sky is Falling! The Sky is Falling!
This piece is approved to use with clients.
Ok, maybe not (yet), but falling acorns in the form of the coronavirus and recent data showing decelerating U.S. business activity has many rethinking their asset allocation – especially income seeking investors.
Market Outlooks
AAM Viewpoints: Small Business Optimism Posts a Third Year of Strong Readings
This piece is approved to use with clients.
Over the past few years I’ve written about trends in small businesses based on the National Federation of Independent Business (NFIB) Survey of Small Business Economic Trends. I follow these trends because I come from a family with multiple generations of small business owners and small companies in the United States create about two-thirds of net new jobs, drive innovation and account for 44% of U.S. economic activity.
Market Outlooks
AAM Viewpoints: Coronavirus and Domestic Credit
This piece is approved to use with clients.
The last recession was the sub-prime mortgage crisis, before that the dot.com bubble aggravated by the 9/11 terrorist attacks, and before that it was the Savings & Loan crisis. In these past recessions there were, at the time, issues not generally foreseen, but when they broke it opened fissures in the economy that ultimately led to a recession.
Market Outlooks
AAM Viewpoints: Is Recent Bond Market Volatility About More Than Easing Coronavirus Fears?
This piece is approved to use with clients.
As fear gives way to resolve and markets assess the potential economic impact of the coronavirus, a risk on mentality has taken hold with global equity markets taking back losses and global bond markets selling off in concert. While these fears are sometimes a bit irrational, the Center for Disease Control and Prevention estimates 12,000-61,000 Americans have died from influenza since 2010, there is no doubt we can all understand the underlying fear.
Market Outlooks
AAM Viewpoints: Current Events Overshadowing a Nascent Recovery
This piece is approved to use with clients.
While we have previously mentioned, I feel it is important to revisit the race between the results of the FOMC’s (Federal Open Market Committee) model-driven restrictive policy in 2018 and the potential recovery borne of the Fed’s 2019 mea culpa.
Market Outlooks
AAM Viewpoints: Generational Opportunity Now and for the Next Decade?
This piece is approved to use with clients.
For most asset classes, 2019 was a terrific year for prices. Generally, the equity and bond markets enjoyed a significant surge that all but replaced their terrible performance in the 4th quarter of 2018.
Market Outlooks
AAM Viewpoints: Attempting to Right-Size Expectations
This piece is approved to use with clients.
A quick canvas of the headlines and sound bites detailing market outlooks for 2020 includes some positivity but also many phrases, such as: get more defensive, returns will be muted, now is not a good time to be investing and don’t expect a repeat of 2019 anytime soon.
Market Outlooks
AAM Viewpoints: 2020 Earnings Outlook
This piece is approved to use with clients.
Tis the season for outlooks and one of the more dependable indicators for the equity market over time has been the direction of corporate earnings. Not surprisingly, as the earnings power of U.S. corporations has grown, equity prices have moved higher.
Market Outlooks
AAM Viewpoints: Global Monetary Policy: Easing Like Sunday Morning
This piece is approved to use with clients.
In anticipation of the Federal Reserve lowering rates next week at their meeting and the announcement this week that the European Central Bank (ECB) reduced rates to -0.50% and increased their purchasing of bonds a month, we believe it to be worthwhile to look at where we may be headed in policy and market action. Now we may be accused of being a bit presumptive about a future event such as an interest rate cut next week, however, we feel a bit confident in that the market is currently pricing in a 99.9% chance of a rate cut according to the Fed Fund Futures.
Market Outlooks
AAM Viewpoints: Is ESG A Magic Green Button?
This piece is approved to use with clients.
Have you read any research on ESG investing recently? If you have, then you’ll know that academic studies continue to stress the positive alpha-generating potential of ESG factors.
Market Outlooks
AAM Viewpoints: Contrarian Market Signals: What is certain about uncertainty?
This piece is approved to use with clients.
Contrary to narratives bombarding the markets right now, certain indicators are historically very bullish for equity assets. Though the anxiety about the flock of “black swans” being right around the corner helps to mitigate over exuberance, it astonishes me how many times we forget the previous prognostications and make new cases for the failed projection. Recently, I have been reflecting on Mark Twain’s quote: “I've had a lot of worries in my life, most of which never happened.”