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INVESTMENT OUTLOOK
Intelligence for Your Portfolios
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Top picks
Article |
Equities
Persistent cost pressures appear here to stay, yet the same forces that strain rate-sensitive corners of the market may open doors elsewhere. Explore how US equity income can seek out businesses with durable cash flows, reasonable valuations and pricing power through an extended period of elevated costs.
Article |
Macroeconomic
Is France moving closer to a crisis? French government bond spreads are at their widest in almost 15 years driven by high inflation, rising global yields, and ongoing fiscal challenges, among other factors.
Chart of the Week |
Macroeconomic
U.S. high yield credit spreads have widened year to date, reflecting greater investor caution about perceived default risk. The move also raises concerns about possible credit contagion. However, because spread widening has been concentrated in the lowest-quality issuers rather than higher-quality issuers, we don’t anticipate broader market stress.
Article |
Fixed Income
Artificial intelligence (AI)-related funding needs are expected to support elevated credit issuance over the next few years. This may create potential investment opportunities but also material risks, reinforcing the importance of careful positioning and rigorous credit selection.
The value of investments can fall. Investors may not get back the amount invested.
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