Commentaries

Timely market commentaries from leading investment firms

Problems Solved?

Brexit and trade talks provided lots of uncertainty this year. Last week saw progress on both fronts.

Expecting a Market Downturn? Make Sure You’re Following the “Noah Rule”

Predicting a major economic or financial event—whether that’s a recession, market downturn or even your own retirement—requires that you also take action. Otherwise your prediction was meaningless.

Time to Do the Hard Thing

Much of the reaction to last week’s Inflationary Angst letter boiled down to, “Get government out of the way and the free market will work.” Others said the opposite: Government must help people even more than it already does. I wish it were that easy. Neither of those options are what we need, and today I will explain why.

UK Election: Will Tory Victory Bring Investors Back to UK Equities?

As widely expected, the Conservative Party emerged victorious in the UK general election. Our Colin Morton anticipates UK equity markets will welcome the outcome, but cautions that some uncertainties remain.

UK Elections: Conservatives Win Big, Brexit Will Happen – What Kind of Brexit Is Still Unclear

While the election outcome was quickly reflected in the pound exchange rate, the direction from here depends on what kind of relationship Boris Johnson really (really) wants to have with the EU. Find out more from our currency expert.

What Boris Johnson’s Election Victory Means for UK Assets

We expect to see flows back into UK equity and credit now that some of the Brexit uncertainty has been removed.

Federal Reserve Appears Confident in U.S. Economy's Soft Landing

In its December forecasts, the Federal Reserve estimates that the policy rate will hold steady through 2020. Will economic and trade developments change that view?

Fed Holds Rates Steady, as Expected

The Federal Reserve left interest rates unchanged, as expected; while signaling rates would stay in their current range through next year.

The 2020 Economic Outlook

U.S. economic activity is expected to remain mixed in 2020, with moderate strength in consumer spending and general softness in business fixed investment and manufacturing.

Closing Strong

The Northern Trust Economics team shares its outlook for U.S. economic growth, inflation, unemployment and interest rates.

Fed on Hold

No one expected the Federal Reserve to change short-term rates today and no change was made. Meanwhile, the Fed made no significant changes to its policy statement and the statement was unanimous.

The Right Way to Value Growth Stocks: Part 3

In part 2 of this series I focused on how to value slow and moderately growing businesses. In this article, Part 3, I will shift my focus on how to value faster growing companies (growth stocks).

Troubled Times Can Give Birth to Opportunity

Asia goes into the global deceleration with already-lean companies and a valuation advantage.

Changing Speeds?

A review of last month’s market-moving events across countries and asset classes.

China A-Shares: An Opportunity in Strategic Exposure

Why should investors pay attention to the China A-share market? We explain why we believe the opening of one of the most liquid and diverse markets in the world has profound implications for global portfolios.