Putnam Dynamic Asset Allocation Funds tag

Watch the euro as Italy votes

We are watching the referendum in Italy this weekend for yet another existential crisis for the euro.

Outlook

Stock market rallies often need to climb a wall of worry, and we see that wall getting higher.

With some investors questioning the merits of maintaining a bond allocation, our investigation of asset correlations provides insights.

The picture in emerging markets is vastly different today than in the mid- to late-1990s, when nearly all EM countries issued debt in U.S. dollars.

Outlook

We think there is a possibility that the Fed could raise rates at just about any time, including between meetings.