All North America articles
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White papersPresident Trump: First week
Following the US elections, the initial market reaction reflected a sense of US exceptionalism, marked by rising equities and a stronger dollar.
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VideoTalking Markets – US Equities, January 2025
American exceptionalism; the Mag 7, or are wider factors at play? In this edition of Talking Markets, Hugh Greives, Fund Manager of the Premier Miton US Opportunities Fund shares his outlook for 2025, discussing future Fed rate cuts, Trump’s presidency, the hype and reality of AI, and what all of this could mean for US equity investors.
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White papers2025’s Biggest Blockbuster – Utilities vs. Interest Rates
Premier Miton’s Jim Wright, Fund Manager of the Premier Miton Global Infrastructure Income Fund, shares the three reasons behind electricity demand growth in the USA, and why they are long term trends, rather than short term impacts.
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White papersThe hare or the tortoise? A unique approach to investing in the US
Hugh Grieves, Fund Manager of the Premier Miton US Opportunities Fund, looks back over his investment career, discusses his investment approach and highlights why dull boring businesses are the cornerstone of the fund’s investment portfolio.
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White papersThe Road Ahead: 2025 North America Insurance Outlook
Key themes we see emerging for insurance investors in 2025 involve duration positioning, managing credit exposure, exploring relative-value opportunities, tapping the potential of private markets, and portfolio-liquidity and cash-management considerations.
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White papersFed 2025 outlook: A fragile balancing act
The Federal Reserve’s cautious policy stance reflects a challenging economic backdrop heading into 2025. Sticky inflation, resilient growth, and uncertainty around the incoming administration’s policies have constrained the Fed’s ability to ease aggressively. While our forecast anticipates three rate cuts next year, the path forward will depend heavily on inflation progress and labor market conditions.
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VideoPost-U.S. Election Sector Impacts
Now that the results of the 2024 U.S. elections are in, we are focusing on how the potential expansion of U.S. tariffs and the accompanying fiscal policies will affect different industries.
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White papersAhead of the Curve: What US resilience means for bond investors
Our latest Ahead of the Curve paper examines opportunities for fixed income investors in what is likely to remain a positive environment for the asset class.
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White papersUS Presidential election: Trump wins again – what could it mean for markets?
Donald Trump will be returning to the White House for his second presidential stint. What has been the immediate market reaction to Trump’s electoral victory – and what could this mean for investors?
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White papersTrump Victory: Key implications for investors
Donald Trump is returning to the White House as the 47th President of the United States. The Senate has also swung to the Republicans, gaining 52 seats vs the Democrat’s 42 seats, at the time of writing. The votes for the House of Representatives are still being counted, but if Republicans maintain their current lead, a “red sweep” – control of both chambers – will give them significant leeway for their policy agenda.
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White papersThe Fed’s normalising of rates is not easing
Given that the US economy is healthy, we believe the market is overestimating what the Fed will do.
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White papersAXA IM US election reaction: what Trump’s win means for markets and investors
At the time of writing (midday on Wednesday, 6 November), former President Donald Trump has won the 2024 US presidential election. In a much quicker than expected result, Trump currently has 279 Electoral College votes versus 223 for his opponent Kamala Harris. Trump has been declared winner in the key swing states of Georgia, North Carolina, Pennsylvania and Wisconsin. This rules out Harris’ path to victory.
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White papersUS soft landing on track
“Robust consumption and government spending have supported US economic activity recently, but we see a mild deceleration in growth amid a rebalancing in US labour markets.”
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White papersUS elections risks and opportunities: Pricing in known unknowns
Over the past five years, global equity markets have risen despite some very obvious risks. Could it be that risks often turn out to be a source of opportunities? Stuart Canning, Fund Manager in the Global Macro Team, believes investors should look at what is priced-in, not what they think is going to happen. He examines the market’s expectations for the US election and asks whether rising market volatility is here to stay.
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PodcastOuterblue Convictions – Global Investment Views – Perspectives on the US elections
After many months of build-up and speculation, the 2024 US election is almost here. Over the past few weeks, financial markets have become increasingly focused on the candidate’s platforms and what these might imply for the economy and markets. How could markets react to Trump and Harris’ different proposals on taxation, trade and immigration?
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White papersWhat to expect between Election Day and the inauguration
With the US presidential election less than two weeks away, Americans may be looking forward to the end of a tumultuous political campaign season. However, if past trends are any indication, 5 November could be just the beginning.
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WebinarThe countdown starts: US election results and market implications
As the US election results begin to unfold, they could have a major impact on markets and the economy.
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White papersFixed Income Perspectives Q4 2024
Quarterly macro and market insights from Capital Group’s fixed income team
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BlogAnalysis of 4 Political Policy Areas on the U.S. Economy
A scenario analysis on four key areas related to the 2024 U.S. Elections, trade & tariffs, fiscal policy, immigration & labor supply, and monetary policy, all with significant economic impacts.
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White papersFour-quadrant report
Insight into U.S. commercial real estate opportunities. Impact of economic, political, and investment trends on the four quadrants of real estate.
