Why was April’s U.S. jobs report so low? The reasons are nuanced, but I believe 2021 will be a good year for the U.S. economy.Comments Off on April’s terrible U.S. jobs report doesn’t derail my 2021 optimism
As the economy grows, inflation fears are rising. Invesco Fixed Income shares its view of inflation for 2021 and 2022.Comments Off on The grand reopening continues apace, but what about inflation?
We expect the global economy to be in an expansionary regime, with growth above its long-term trend and continuing to improve. Growth is accelerating across the developed world, with the eurozone and the UK seeing meaningful momentum driven by a rebound in the inventory cycle. Emerging Asia is accelerating again, driven by China’s real estate market and a pickup in trade activity across the region. In this month’s update, I explain why this expansionary regime is favourable to equity and credit premia, cyclical factors, and risk assets more broadly.Comments Off on Tactical asset allocation: April 2021
Weekly Market Compass: The Bank of Canada took a hawkish turn, the Biden administration floated a tax hike proposal, and earnings season could break a record for positive surprises. Here’s a round-up of key events from the past week, and what we’re watching on the horizon.Comments Off on Markets contend with a week of surprises
Weekly Market Compass: Investors of all sizes are wondering whether cryptocurrencies are right for them. These considerations can help guide your decision.Comments Off on Curious about crypto? Here’s what to ask before investing in bitcoin
When we look for interesting investment ideas, we spend a lot of time thinking about the future. Not simply the next quarter or next year, but rather how the world will look 10, 20, even 50 years from now. This long-term focus helps us to be early in our investments and potentially maximize the benefit we can deliver to our clients as other investors start to recognize the direction the world is moving and invest in the companies we’ve owned all along.Comments Off on Cancer treatments that could render chemotherapy antiquated
Weekly Market Compass: The U.S. and China lead the economic recovery, while fears of another virus wave grow in Brazil and IndiaComments Off on The economic outlook improves, but the shadow of COVID lingers
Like many other trends, the shift to automation, and the use of robotics, has accelerated during the global pandemic. Even though unemployment has risen dramatically, particularly in the U.S., the move to automation is continuing because of the value it brings. Robots can complement work done by humans or perform tasks humans would prefer not to because the work falls into one of the four D’s — dangerous, dirty, dull, or dear (as in expensive).Comments Off on Robots can take over when work is too dangerous, dirty, dull, or dear
Weekly Market Compass: Israel may provide a preview of what’s to come in the U.S. and UK — and in any country that achieves broad vaccine distributionComments Off on Israel’s economic data starts to show the impact of vaccines
Recent developments in the S&P 500 are an important reminder of the wisdom of the timeless adage: avoid putting all your eggs in one basket. Since its low on March 23, 2020, the S&P 500 has notched record gains1 and closed at a record high on Dec. 31, 2020,2 but a closer look reveals a more nuanced picture.Comments Off on Take the concentration out of the S&P 500 with Invesco S&P 500 Equal Weight Index ETF
Weekly Market Compass: Investors may be grateful for the U.S. Federal Reserve’s easy money, but they’re also wary about what might come nextComments Off on Why investors both love and fear the Fed
Investors concerned about inflation may want to consider REITs, energy infrastructure, and global infrastructure.Comments Off on Concerned about inflation? These real assets could help.
Weekly Market Compass: Last week gave us a glimpse into the mindset of U.S. business owners, the U.S. Federal Reserve, the Biden administration, and investors. I believe that much of the news we saw last week may be a harbinger of what’s to come over the course of 2021.Comments Off on A harbinger of what’s to come?
Market sentiment still looks to be improving despite the recent spike in volatility and sell-off in global bond yields.Comments Off on Tactical asset allocation update: March 2021
As we enter year two of the market recovery, investors face a new set of concerns. Has the economy become too hot, too fast? Are we headed for out-of-control inflation? What are the investment implications of all this?Comments Off on Welcome to year two of the stock market recovery
It’s hard to believe that roughly one year has passed since the outbreak of the novel coronavirus (COVID-19). Equally astonishing is the fact that the broad U.S. stock market has kept pressing to new highs, alongside forceful blasts of central bank liquidity and government stimulus checks.Comments Off on How much longer can the ‘recovery’ trade last?