Global growth and inflation concerns are keeping investors up at night.

We see the Fed on a path to raise rates far enough this year to hurt growth. The U.S. activity restart from the pandemic could grind to a halt in coming quarters.

U.S. stocks have suffered the biggest year-to-date losses since at least the 1960s. That’s ignited calls to “buy the dip.” We pass, for now.

Stay on top of changing market environments by learning from their historical parallels.

The ECB is set to confirm this week that rate increases are imminent, and markets expect it to hike well into 2023.

On a strategic horizon of five years and longer, our asset views are still positioned for an inflationary environment. 

The Federal Reserve signaled its focus is on taming inflation without flagging the big economic costs this will entail.

Equities have fallen hard this year on the prospect of rapid rate increases to rein in inflation, the tragic Ukraine war and a slowdown in China.

We nudge down risk on a worsening macro outlook: the commodities price shock and a growth slowdown in China.

U.S. wages are growing at the fastest clip since the 1980s.