As investors grapple with a new era of macroeconomic uncertainty, liquidity is king in the near term.
Knowing the stakes, the Fed is likely to keep surprises to a minimum.
In the wake of Russia’s invasion, social factors such as energy supply security, consumer protection and responsible sourcing demonstrate the importance of an inclusionary ESG approach.
As investors grapple with a new era of macroeconomic uncertainty, liquidity is king in the near term.
Knowing the stakes, the Fed is likely to keep surprises to a minimum.
Despite our view that a U.S. economic contraction is avoidable in the near term, the outlook for equities has deteriorated since the beginning of the year and we think this sour spot is likely to last as monetary policy becomes tighter.
In the wake of Russia’s invasion, social factors such as energy supply security, consumer protection and responsible sourcing demonstrate the importance of an inclusionary ESG approach.
Russia’s energy tentacles, intertwined throughout Europe’s power network, may prove difficult to excise.
The U.S. Federal Reserve met expectations and increased interest rates by 25 basis points.
While it might seem better to focus on current so-called ESG leaders, we believe there is untapped value in the underappreciated ESG improvers.
The market’s expectations for curve flattening may be excessive, as the timing of rate hikes and the aggressiveness of the Federal Reserve are still open to debate.
January 1, 2022 marked a significant milestone in the transition from LIBOR to alternative reference rates.
We see scope for continued global equity gains as the impacts from Covid, policy stimulus and inflation diminish. The current balance of market factors keeps us overweight U.S. large cap stocks.
