Macro matters: “Mulligan!”

How often do you get a do-over in life (off the golf course)? Investors today are facing that very opportunity. Now is the right time to reevaluate the investment landscape and better insulate portfolios from volatility against the backdrop of continued economic weakness. Read how to take full advantage of this mulligan and come up with your “2020 plan” all over again.
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COVID-19 and the impact on the U.S. economy

In this note, we attempt to measure the immediate impact of specific industry shutdowns as well as outline uncertainties around knock-on effects on consumer spending, business investment and efficacy of government stimulus.
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Macro matters: China’s devaluation escalates trade tension

Trade tensions have been a near-constant backdrop for investors in 2019. On Monday, markets drew a direct line between trade policy uncertainty and expectations for a weaker U.S. economy. Stocks saw their worst day since January 4 and the 10-year U.S. Treasury yield plunged to its lowest level since November 2016. Read more on how trade tensions could weigh on Fed policy, broader economic activity, inflation and how this may impact investors.
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Macro matters: Why the July Fed meeting could spark volatility

On Wednesday, the FOMC appears set to embark on its first rate cut in 10 years. Markets have cheered the Fed’s accommodative shift this year, but the outcome of Wednesday’s meeting will be more nuanced than the headline rate move. Will the Fed indicate further cuts ahead? Do policymakers view the economy as “upbeat” or “cautious”?
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