The market has long been (rightly) accused of testing each new Federal Reserve chair. Jay Powell’s first 18 months on the job have been no different.
Access the latest thinking from T. Rowe Price's Asset Allocation Committee, comprised of some of our most senior investment professionals, so you have more actionable conversations with clients and gain insight into what’s resonating with other intermediaries.
Last month we explored the origins of Mother’s Day and prominent American politicians’ relationships with their moms. As we celebrate fathers this week, we thought we’d do the same for the men who shaped some of our nation’s most powerful leaders, for better or worse.
Ian Fowler, Co-Head of the North American Private Finance Group, discusses the dynamics of each middle market segment—including upper-end style shift resulting from competitive pressures—and explains why the traditional middle is the sweet spot.
We like to provide a deep dive into earnings trends at least once a year and given that we are finishing up what – based on year-over-year earnings growth – is the worst earnings season in three years, we felt the time was appropriate.
We are seeing a strong negative return skew for the first time since October 2018. Investors should come to expect the negative skew and prepare accordingly. Head of Quantitative Strategies Michael Hunstad explains.
Rising trade disputes and U.S.-China strategic tensions are increasingly weighing on global risk assets. How are the frictions playing out on the ground in China? A group of our senior investors recently went on a trip to the mainland to take the pulse on corporate sentiment and potential impacts on global manufacturing supply chains.
Domestic equity markets experienced widespread selling pressure throughout the month, as trade wars and tariffs dominated the news cycle. The S&P 500 Index notched its worst May in seven years and the second-worst return in May since the 1960s. Negative sentiment certainly existed at the beginning of May, but the market had mostly shrugged off bad news for all of 2019 behind a dovish Federal Reserve (Fed), which pushed domestic indices to record highs to close out April.
U.S. Treasury yields continued declining last week, despite improved sentiment. Rates vacillated until Friday’s weaker-than-expected payrolls report pushed rates lower. Market-based probabilities that the Federal Reserve (Fed) will cut rates in 2019 are near certainty.