Commentary

An Attempt to Define the Current State of Play

An Attempt to Define the Current State of Play

Investors and businesses came into this year with misplaced optimism that President Trump would promote pro-growth policies and fuel higher risk asset prices. In a matter of months, Trump has instead effectively sidelined the U.S. exceptionalism theme, triggered a significant stock market correction, severely impaired what was a strong U.S. economy, and is approaching the brink of a “crisis of confidence.”

Bob Doll’s Special Market Commentary

Bob Doll’s Special Market Commentary

In this brief market update, Bob Doll weighs in on the dramatic market volatility and discusses the causes of the decline—uncertainty, tariffs, and overvaluation. He covers these topics more deeply in his newest white paper: Crossroads or Crosshairs? Check it out on our Thought Leadership page.

The Capital Markets Path Remains Murky

The Capital Markets Path Remains Murky

Global financial markets continue to be whipsawed by shifting threats and demands from the new U.S. administration. Generally, investors are still downplaying the threats and focusing on what is still a choppy, but modestly positive, risk-on backdrop. Monetary conditions are not restrictive in the major developed market economies, and policy rates are still being lowered in some of the smaller economies. Global economic activity is on track to improve.