Commentary

Big Market Selloff? Stay Dynamic With Risk Positioning

As risk assets tumbled in late February and March, it intensified the focus on risk management: How can multi-asset strategies defend against turbulence while positioning for an eventual rebound? The answer: Be ready to adapt—and to do it quickly.

Commentary

Five Investing Perspectives for the Coronavirus Crisis

Following these guidelines can help equity investors navigate the uncertainty created by the COVID-19 pandemic when selecting stocks and positioning portfolios.

Commentary

The Key Part of the US Fiscal Relief Package? Willingness to Act

The historic US fiscal aid package isn’t a quick fix, but it provides welcome relief and will make it easier for the US economy to rebound when the coronavirus crisis eases. More important, it shows that Congress is willing to act swiftly and dynamically.

Commentary

Stress Testing Companies for an Impending Recession

In the midst of a historic crisis, it’s hard to see through the fog. But investors who ask the right questions now will be able to identify companies that can make it through.

Commentary

Five Ways Policymakers Can Beat the Coronavirus

Policymakers cannot avert a big near-term economic hit. But they can build the foundations for recovery—if they take the right steps now.

Commentary

Is Vietnam Ready to Fill China’s Supply Chain Gaps?

Postcard from Vietnam: On a research trip to Vietnam before the coronavirus crisis, our analysts discovered what it takes for manufacturers to outsource successfully.

Commentary

Remembering Walter Cronkite

Television remains one of the most influential distributors of information and ideas, yet the majority of Americans distrust the reports they get from TV. This distrust may stem from the fact that there is a lot of fear in the news today. How can advisors help clients make sense of the news and help them get back on rational footing?

Commentary

Could US Municipals Suffer as Coronavirus Spreads?

Are municipal bond issuers vulnerable to the COVID-19 pandemic? We assess key sectors, from states to hospitals to airports.

Commentary

How Can European Policymakers Beat the Coronavirus?

Europe has changed swiftly from spectator to front-line combatant in the battle against the coronavirus. The potential damage from its spread is severe, but European policymakers are reacting robustly to the threat.

Commentary

China’s Coronavirus Experience: Lessons for Global Investors

The current market outlook is bleak. But if the US and Europe take the right steps and follow China’s playbook, we believe the world could ultimately follow the Chinese markets’ road to recovery.

Commentary

The Fed and Coronavirus: Is Fiscal Help Needed, Too?

With markets reeling from concerns over the coronavirus and plummeting oil prices, the US Federal Reserve took another step Monday to shore up markets. The Fed has more in its toolbox, but fiscal policy may also be needed to fill a gap in the US economy.

Commentary

Broadening ESG Perspectives in European Equities

European investors were recently reminded how tricky it is to evaluate a company’s environmental, social and governance (ESG) credentials. Tesla’s plans to chop down a forest to build a manufacturing facility for electric cars in Germany reinforced the need for independent research and engagement to assess the risks and opportunities created by ESG controversies.

Commentary

How Will the Coronavirus Impact World Economies?

The coronavirus is dominating the news and sparking panic in markets. We believe the options for policymakers are clear—but will they implement them?

Commentary

Fed May Cut Rates Further to Counter Coronavirus Headwinds

This week’s Fed rate cut helped steady financial markets reeling from the expected impact of the coronavirus on the US economy, and we think more cuts are coming—in March and beyond. The economy should rebound in the second half of the year, though at a lower full-year pace.

Commentary

US Equity Valuations Rebooted by Coronavirus

After recent sharp declines, US stock valuations look more attractive, especially compared with bonds. While the current volatility is unsettling, heightened uncertainty over earnings because of the coronavirus crisis could create opportunities for long-term investors who distinguish between winners and losers from the shock.