July 14, 2020
Expectations Diverge for Economic Recovery in The US and China
China’s ability to contain COVID-19 boosts longer-term confidence. Last week, we saw increases in both the Chinese and US stock markets.
July 7, 2020
US Jobs Were a Bright Spot for June, but Rising Infections Threaten Long-Term Progress
How long can economic data improve while infections continue to spread? The US issued its employment situation report for June. However, I have two key concerns…
June 23, 2020
Economic Data Shows Improvement, But Infection Rates Prove Difficult to Control
Last week we learned that in the US, May retail sales rose a whopping 17.7% from the previous month. This was the biggest increase on record and far exceeded expectations — a very substantial rebound after an abysmal April. US industrial production also improved in May, although it rose less than expected.
June 16, 2020
Five Key Takeaways from the Fed’s Press Conference
Weekly Market Compass: Powell pledges to support the economy, but notes more Congressional help may be needed.
June 9, 2020
Convertible Securities: A Surge of New Issues Provides a Deeper Pool of Opportunity
Companies in a range of sectors are tapping the convertibles market for much-needed capital. Companies are raising capital to shore up balance sheets ahead of what may be a prolonged period of difficult business conditions.
June 2, 2020
Nations Pledge Trillions in Fiscal Stimulus to Boost Their Economies
The European Union, Japan, and China propose a variety of spending initiatives to help businesses and workers. Last week I wrote about the need for more fiscal stimulus in order to counteract the negative economic impact of the pandemic.
May 26, 2020
Need Some Good News? Markets, Economy Do Offer Some
May 19, 2020
US-China Tensions Could Be the Biggest Risk to US Stocks This Year
A massive policy response has helped bolster stocks against the economic impact of COVID-19, but another tariff war could threaten markets.
May 12, 2020
Low-Wage Job Losses Fuel the US Stimulus Debate
Weekly Market Compass: I believe Congress needs to help American households remain solvent through further stimulus.
April 28, 2020
As The US Passes More Stimulus, Disagreements Loom On What Comes Next
Congress readies for negotiations over the next stimulus bill, while governors decide when and how to re-open state economies
April 21, 2020
Black Swans, Nonlinear History and Financial Markets
The world is changing. A novel world is emerging – and we anticipate a return of inflation, a bull market in China and elevated geopolitical volatility.
April 14, 2020
Trade, Stimulus, and Politics: What Matters to Markets This Week
The Federal Reserve unveils more tools to help the US economy while Congress debates its next step. A great deal of news has been announced over the last week, and it can be difficult to determine what’s the most meaningful for markets. Here are the items I’m focused on this week.
April 7, 2020
Six Things for Investors to Watch in April
Weekly Market Compass: This month will be critical in assessing the global response to the coronavirus crisis.
March 31, 2020
Where Do Stocks and Bonds Go From Here?
Members of Invesco’s Global Market Strategy (GMS) team in Hong Kong, Italy, London, Tokyo and New York shared their on-the-ground insights of the fight against coronavirus from a health care, monetary, and fiscal perspective.
March 24, 2020
Coronavirus Impact and Response: A Global View
March 17, 2020
Assessing the Globe’s Three-Pronged Policy Response to Coronavirus
Weekly Market Compass: Health care, monetary, and fiscal policy will all play critical roles in combating this crisis
March 10, 2020
Energy Infrastructure Outlook Amid the Coronavirus Outbreak
Concern among market participants over the ongoing outbreak of the COVID-19 virus appears to have spread from simply a short-term reduction in demand for petroleum products within certain Chinese provinces to a broader, though still short-term, impact beyond hydrocarbon consumption.
March 3, 2020
As Markets Struggle, Where Do Global Economies Go from Here?
We have seen a rapid and dramatic market correction as a result of the news flow around the COVID-19 outbreak. This appears to be an overreaction, in my view — but I would not be surprised to see the sell-off continue as uncertainty remains high on key issues: ease of transmission, length of time a person can be infected and contagious without showing symptoms, mortality rates, and length of time before the infection rate stabilizes globally.
February 25, 2020
Recent Data Reveal the Economic Impact of Coronavirus
Weekly Market Compass: Flash PMIs for a variety of countries are showing a coronavirus-related deterioration. Last week both the S&P 500 and Nasdaq Composite indexes hit all-time highs mid-week before falling significantly at the end of the week on fears about the novel coronavirus (also known as COVID-19) impacting economic growth.
February 18, 2020
SteelPath February MLP Update and News
February 11, 2020
Energy Bonds: Unloved, Out of Favor, And Potentially Attractive
February 4, 2020
Three Issues That Could Keep Global Markets Reeling
Over the course of less than two weeks, the yield on the 10-year US Treasury fell from over 1.8% to 1.51%, and the yield on the 10-year German bund dropped from -0.22% to -0.44%. This week, I see the potential for continued market volatility, both to the upside and the downside. Here are three key issues I’m watching…
January 28, 2020
Assessing the Market Impact of The Wuhan Coronavirus
The outbreak of novel coronavirus in Wuhan, China, and in pockets around the world has garnered significant public concern, and the global financial market is on edge. We have received numerous questions about the potential impact to investors and how the economic effects of the coronavirus might compare to past outbreaks such as the spread of SARS (Severe Acute Respiratory Syndrome) in 2003.
January 21, 2020
SteelPath January MLP Update and News
Private equity continues to buy midstream and the Energy Transfer acquisition of SemGroup closes. The master limited partnership (MLP) sector saw a series of acquisitions take place in December, from Blackstone reaching an agreement with Tallgrass Energy to Energy Transfer closing on the SemGroup acquisition.
January 14, 2020
The Future of E-Commerce and Retail Will Be Written in China
We believe China is ground zero for the future of retail and the West will learn from and adapt the experiments that are already moving to scale in the East. Consider Alibaba, the Chinese Internet giant whose wide-ranging businesses span e-commerce, offline retail, fintech, online video, maps and browsers, and artificial intelligence.
January 7, 2020
Five Issues for Investors to Watch in January
The conflict in the Middle East could pressure business sentiment. 2019 was a great year for markets, and equities delivered strong returns for the year. US stocks led the way at 29.07%, Chinese stocks returned 20.94%, European stocks returned 20.03%, and emerging markets delivered 15.42%.
December 23, 2019
Is Global Trade Entering an Era of ‘Vigilante Protectionism’?
Weekly Market Compass: As the WTO reaches a crisis point, countries may take trade issues into their own hands. By way of background, when the WTO was created more than 20 years ago, the US was given veto power over appointments to its seven-member appeals panel.
December 18, 2019
