We are monitoring a number of risks to equity prices. China, which had been an enormous driver of global growth, continues to struggle with a slowing economy. There have...
Defensive stocks have outperformed in 2012, but cyclical stocks may offer more attractive valuations and growth characteristics.
Aaron M. Cooper D. William Kohli Norman P. Boucher, Portfolio Manager, and Paul D. Scanlon, CFA Joshua M. Cummings, CFA, Analyst | Christopher J. Eitzmann, Analyst | Greg Kelly, Analyst Simon Davis and Shep Perkins, CFA Daniel Farrell David L. Glancy Daniel J. Graña Darren A. Jaroch David Morgan Robert D. Ewing, CFA, and Nick C. Thakore Robert D. Ewing, D. William Kohli Putnam Fixed Income Team Ferat Ongoren Gerard P. Sullivan Jason R. Vaillancourt, CFA Jacquelyne J. Cavanaugh Joanne M. Driscoll Onsel Emre, Ph.D. Joseph P. Joseph Joseph P. Joseph and Randy J. Farina Joykrishna Mahato Jeffrey B. Sacknowitz Kelsey Chen Kevin F. Murphy D. William Kohli, Michael V. Salm, and Paul D. Scanlon, CFA Michael J. Atkin Thalia H. Meehan, CFA, and Paul M. Drury, CFA Michael V. Salm, Co-Head of Fixed Income; and Brett S. Kozlowski, CFA and Kevin F. Murphy, Portfolio Managers Michael V. Salm Nick C. Thakore Paul D. Scanlon Putnam Global Asset Allocation Team Putnam Investments Putnam Tax Exempt Fixed Income Team Putnam U.S. Equities Team Putnam Portfolio Managers Robert M. Brookby Robert D. Ewing Randy J. Farina Robert D. Ewing, CFA, Co-Head of U.S. Equities, and Shep Perkins, CFA, Co-Head of International Equities Robert L. Reynolds Robert L. Salvin Michael V. Salm, Co-Head of Fixed Income, and Brett S. Kozlowski, CFA Sarah A. Marshall Paul D. Scanlon, CFA, Co-Head of Fixed Income | T.L. Tsang, CFA, Analyst Steven W. Curbow Simon Davis Shep Perkins Robert L. Davis, CFA, Analyst, and Simon Davis Thalia Meehan Vivek Gandhi Walter D. Scully
One of the biggest macroeconomic factors moving markets has been the eurozone’s debt crisis. In addition to its potential impact on the domestic economy, the crisis also creates headwinds...
A recession developing in some areas of Europe can have an impact on the U.S. economy and corporate earnings.
In 2011, for the second straight year, cheaper stocks in the growth universe underperformed. Historically, such weak periods for valuation have been followed by multi-year stretches of outperformance from...
The U.S. economy has serious secular issues, including high levels of consumer and public sector debt, which may take years to sort out. But that healing process does not...
There are times when we need to be willing to take a little pain to build positions that have great risk/reward characteristics. I believe this is one of those...