All United States articles – Page 56
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White papersThe U.S. Grabs the Global Recovery Baton…
Slow vaccination programs continue to delay the reopening of EU economies. The Fed showed that even with better growth and inflation outlooks, it remains committed to its accommodative stance. Elsewhere, China activity data so far this year shows the uneven recovery continues.
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White papersChina: Policy and investment implications under Biden
The first 100 days in power for any new presidential administration is never easy. With US-China relations at arguably their lowest point in 50 years, the administration of US President Joe Biden will have to make some difficult policy decisions that could affect the balance of the world’s two largest economies. How could the relationship evolve over the next four years?
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White papersHedging against inflation: Do you really understand inflation-linked bonds?
US inflation expectations have risen over the last year, and with the passage of an additional USD 1.9 trillion stimulus package, any investor who was not already worried about inflation is likely to have started paying attention.
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White papers1st Quarter Signals: Five questions facing markets
Markets have continued to ride their upward momentum through the first quarter of 2021,with investor optimism fueled by wider distribution of COVID-19 vaccines and expectations for the sizeable fiscal stimulus package from the Biden Administration.
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White papersThe unique time for US value: rotation from growth plus innovation, quality and ESG improvement
The rotation towards value is a key theme of our 2021 investment outlook. As the US economy moves towards reopening and a return to normalcy, we expect an overly accommodative Federal Reserve (Fed) to let the economy ‘run hot’ in the near to medium term, meaning reflation and a steeper yield curve.
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White papersWill the Energy Sector Evolve or Devolve?
Change in the White House has brought swift transformation to US environmental policies, especially those affecting the oil and gas sector. We don’t believe the beginning of the end is here for the oil and gas industry, but the energy sector faces substantial change—and companies need to adapt over time.
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White papersHow Much Further Will US Rates Rise?
US Treasury yields have surged recently, buoyed by rising optimism about economic growth and rising inflation expectations. Based on our growth forecast, longer-term rates will likely rise for the next few quarters—but more slowly. And we think the Fed is prepared to push in the other direction if rates rise too far, too fast.
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White papersGlobal Data Centers - America’s Excerpt
The COVID-19 pandemic has caused the largest economic shock in generations. Significant disruption across all segments of the economy has resulted in severe recessions globally.
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White papersHow Deep Are The Scars?
What helps reconcile market euphoria with the very mixed global data is that central bankers remain concerned about the pandemic scars and have reiterated their accommodative stance.
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White papersAre Growth Stocks Attractive in a Post-Pandemic World?
The recent selloff of US growth market darlings reflects increasing questions about whether their growth potential still justifies exceptionally high valuations. Away from the froth, growth investors can still find solid return potential in quality companies with profitable, sustainable business models.
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White papersDistressed Debt: The Opportunities Surfacing in COVID’s Wake
Barings’ Stuart Mathieson and Bryan High provide insight into today’s distressed debt market, including their expectations for defaults, an overview of the competitive landscape, and where the next opportunities may emerge across the U.S. and Europe.
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White papersWhy we think it’s too early to be cautious on equities
Value stocks outperformed momentum by almost 30% in November, but then gave back a third of this by the beginning of 2021
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White papersBiden’s First 100 Days: The roadmap ahead for capital markets
With the Georgia run-off elections giving the Democrats narrow control of Congress and President Biden’s inauguration behind us, investors can finally set their sights on the policies of the new administration. Broadly, markets have responded favorably across most risk assets as the uncertainty surrounding the election has finally passed.
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White papersU.S. Consumers: Don’t Worry, They’re Here to Stay
Worsening U.S. consumer confidence data shows the labor market is expected to remain fragile, though spending should improve due to greater fiscal support. Eurozone inflation will likely accelerate slightly, and strong trade data from Asia shows global demand’s resiliency.
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White papersThe Blue Wave & The Bond Market
The most notable event shaping the U.S. bond market to start the New Year was the outcome of the Georgia Senate races.
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White papersAn Investment Scorecard for the Biden Administration
History will judge him on many dimensions, but what can investors reasonably expect that will improve the value of USA Inc.?
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White papersUnited States: the power of Executive Orders
Following the elections in Georgia, the Democrats have a very small majority in Congress. To facilitate governance, the new administration is likely to continue to govern using Executive Orders (EOs). Their use has grown over time, and they have become a full-fledged instrument of governance.
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White papersBiden, Taxes and Your Portfolio
Higher personal taxation under a Biden administration could strengthen the case for municipal bonds and tax-managed equity strategies.
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White papersBiden and Democrats take control despite Trump protesters
The 2020 US general elections ended on 6 January 2021 with a Democratic sweep of two critical Georgia Senate seats, giving Democrats a slim majority and control of government until at least the next round of Congressional elections in two years. The stunning developments on Capitol Hill will not change the significance of the Georgia election, which will have far-reaching implications for Biden’s policy agenda and financial markets.
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White papersCurrency outlook: The trend is not your friend
Investors betting on ‘trends’ have been disappointed over the last four years. After rallying by 30% between mid-July 2014 and December 2016, the US dollar has been range-bound. It weakened in 2017, but it rebounded strongly in 2018, consolidated in 2019 and after an initial rally in 2020, it is finishing the year on the weaker side.
