The bullish case for stocks assumes that the Trump tax reforms and spending increases will be implemented, but Washington can be unpredictable.
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The market sees a more hawkish Fed in the December 2016 rate hike, but we see see signs of a dove in the Fed's dot plot.
We are watching the referendum in Italy this weekend for yet another existential crisis for the euro.
Get the bigger picture of Putnam's views and insights.
Today's unorthodox central bank policies have made negative interest rates more normal, with potential consequences for government bonds and the banking sector.
With the United Kingdom beginning to move foward with Brexit, we see risks to the economy, the pound, and the markets.
Seven years into this bull market, defensive sectors have leading performance, and may be signaling more attractive opportunities elsewhere.
Troubled banks in Italy pose a new challenge to the EU, one that has been compounded by the U.K.'s vote in favor of Brexit.
A widely followed measure of investor sentiment is showing historically low levels of bullishness. This pessimism could be good news for equities.
Several risks exist for U.K. stocks and European markets if what is known as Brexit wins approval from British voters.