The latest insights and commentary on current economic events
Explore some of the latest thoughts on global economic and market developments from top asset managers and commentators to get ready for the week ahead.
Weekly commentary
A Bigger Field Can Boost Securitized Yield (Nuveen)
Barring an unforeseen market shock prior to today’s close, monthly S&P 500 Index returns for both August and September will handily outpace their 30-year averages.
U.S. Money Market Funds Remain a Popular Parking Option for Investor Cash (OFR)
MMF assets increased $106 billion or 1.6% over the four months ending July 31. This was a slower pace compared to the same period a year earlier.
China Policy: Short-Term Lift or Long-Term Change? (Amundi)
For compliance reasons, this paper is NOT accessible in the United States
China’s Politburo held an unscheduled meeting on economic policies, signalling a clear and urgent shift in monetary and housing policy stances.
The Status of the U.S. Dollar as Global Reserve Currency (Wolf Street)
Over the past 10 years, the dollar’s share has dropped by about 8 percentage points, from 66% in 2015 to 58.2% in 2024 so far.
Topical podcasts
US Election: Key Market Implications (Wellington Management)
The U.S. election is coming up soon and investors all over the world are discussing the potential macro implications of its outcome.
Podcast: Subordinated, but Certainly Not Suboptimal (Robeco)
For those who don’t have the stomach for high yield debt, the investment grade segment of the credit market has some interesting possibilities.
The U.S. Equity Landscape: Inflation, AI, and Elections (Mawer IM)
The three big themes driving the U.S. market over the past six months are interest rates and inflation, artificial intelligence, and the election.
Graph of the week
Performance When the Fed Cuts Rates (BNP Paribas AM)
The market returns when the recession arrived quickly were very different from when the recession arrived later or not at all.