Trump administration fiscal policy is expected to be similar to Ronald Reagan’s measures, but economic conditions today are much different than in 1981.
Research reflects our New Ways of Thinking
- A global research platform dedicated to active, fundamental research across industry sectors and individual securities.
- Sharing of insights from equity and fixed-income analysis to identify opportunities and anticipate risks.
- A culture that fosters independent ideas, rigorous debate, and individual accountability.
The 20,000 milestone reached by the Dow Jones Industrial Average (DJIA) garnered major media attention, but that’s due more to the fame of the index.
The bullish case for stocks assumes that the Trump tax reforms and spending increases will be implemented, but Washington can be unpredictable.
Get the bigger picture of Putnam's views and insights.
Is the so-called January Effect a real opportunity for investors, or is it too well-known to be exploited? We offer a number of perspectives.
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.
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.