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For many years, the prevailing advisory remuneration model has led financial advisors to look at just one variable – investable assets – when deciding whether or not to work with a client.
Dirk Hofschire, CFA, senior vice president, asset allocation research, and Lisa Emsbo-Mattingly, director of asset allocation research, assess key factors influencing the outlook for both the U.S. and the global economy as of March 2019.
A majority of advisors are satisfied with their career. What this may mean for recuruiting the next generation of advisors.
Russell Investments Client Portfolio Manager Darren Spencer makes the case for investing in infrastructure.
Get insight from our Global Co-Heads of Credit, James Keenan and Tim O’Hara as they share their perspectives around what lies ahead in the credit markets.
While we have long advocated that alternatives should be a core allocation within any diversified portfolio, we believe that in this environment they will be even more helpful to investors.
The nonpartisan Congressional Research Service (CRS) paints a placid picture of the federal budget process. The president and White House staff, CRS explains, begin developing the president’s annual budget outline “approximately 18 months prior to the start of the fiscal year to which it applies.”
Risk appetite has rebounded in 2019. Equities and other risk assets have performed well, just as various gauges show improving sentiment across markets. We remain modestly and selectively overweight equities – and moderately pro-risk in general – but would caution against expectations for the early-2019 rally to roar on.
A hallmark of the Great Recession was a decline in the prime age labor force participation rate from 83% to 80%, see the chart below. While a three-point drop might not seem significant, it reflects millions of Americans walking away from the economy, giving up on ever finding gainful employment.
Global small cap stocks have had a strong 2019 so far, outperforming large caps by more than three percentage points. This is not a rally worth chasing, in our view. As the pace of the global expansion slows, we prefer large cap equities. We favor exposures to firms with quality markers such as strong balance sheets.
The indefatigable bull market may be a pleasant surprise to some, but certainly a nagging disappointment to perennial bears. For the ardent bulls, its elasticity is without precedent and very rewarding for those with the conviction to stay the course through periods of heightened volatility.
The U.S. House passed legislation in late February that would block President Donald Trump’s emergency declaration allowing him to sidestep Congress in order to construct a wall on the southern border.