Beyond Bulls & Bears

The Year Ahead: Will the US and Global Expansion Continue in 2018?
Multi-Asset

The Year Ahead: Will the US and Global Expansion Continue in 2018?

January is a month of resolutions and predictions, and perhaps more often than not, both tend to be abandoned come spring. While we don’t have a magic crystal ball to predict where the markets may be headed next, we do have a team of respected professionals who recently assembled to discuss whether they think last year’s economic momentum could continue—and where they see potential threats on the horizon.

The Market Implications of US Tax Reform a Bit Unclear
Multi-Asset

The Market Implications of US Tax Reform a Bit Unclear

"Some market observers have expressed optimism that US tax reform will prove bullish for stocks—and the economy overall—but the reality is that there will be some winners and losers and we don’t ultimately know what the magnitude of the impact will be.” -Ed Perks, CIO, Franklin Templeton Multi-Asset Solutions

A Selective Look at Corporate Credit
Multi-Asset

A Selective Look at Corporate Credit

“In line with a positive assessment of economic fundamentals, we view credit conditions as favourable. Interest rates remain low, corporate balance sheets generally remain strong and debt-service costs appear manageable. Markets still appear receptive to debt offerings.” – Ed Perks, Franklin Templeton Multi-Asset Solutions

Fourth Quarter Hedge-Fund Strategy Outlook: K2 Advisors
Alternatives

Fourth Quarter Hedge-Fund Strategy Outlook: K2 Advisors

“While we cannot predict market tops or bottoms, we can be prudent in how we position portfolios contextually. Perhaps now is the time to consider dialing back risk to some degree. We believe the easy money in this cycle has already been made.” - K2 Advisors

Lessons Learned from the Global Financial Crisis
Multi-Asset

Lessons Learned from the Global Financial Crisis

“We believe it’s difficult for any investor to time the market. We prefer to take a more disciplined approach to investing by sticking with a set mix of global stocks and bonds, rebalancing from quarter to quarter, regardless of market conditions.” – Tony Coffey, Franklin Templeton Multi-Asset Solutions

Germany Decides: Merkel Victory Has Long-Term Implications for Investors
Multi-Asset

Germany Decides: Merkel Victory Has Long-Term Implications for Investors

"In the longer term, the election outcome could determine the pace of European reforms. These reform efforts have been a supporting factor in driving sovereign spreads.” - Matthias Hoppe, senior vice president and portfolio manager, Franklin Templeton Multi-Asset Solutions

What’s Next for Europe as Merkel Is Re-elected
Perspectives

What’s Next for Europe as Merkel Is Re-elected

"We think the level of support for AfD does reflect a protest vote from people who have been unhappy with the direction things have been going in Germany. That could have an influence on Merkel’s approach as she looks past her election victory.” - David Zahn, Franklin Templeton Fixed Income Group

What Can Mario Draghi Say to Avoid Upsetting Markets?
Multi-Asset

What Can Mario Draghi Say to Avoid Upsetting Markets?

“We may already have reached the point where euro strength has tightened monetary conditions sufficiently to change the outlook for growth in corporate earnings and the appropriate path of monetary policy.” Matthias Hoppe, Franklin Templeton Multi-Asset Solutions

Continued Euro Strength Draws A Long Road Ahead for the ECB
Multi-Asset

Continued Euro Strength Draws A Long Road Ahead for the ECB

“In our view, we think the ECB would prefer to avoid any major appreciation of the euro, particularly while inflation is still running below the 2% target. The question therefore is whether the ECB can do anything to avoid the euro’s rise.” Matthias Hoppe, Franklin Templeton Multi-Asset Solutions.

Uncharted Terrain: Today’s Global Market Drivers
Perspectives

Uncharted Terrain: Today’s Global Market Drivers

Despite some uncertainties, economic improvements in developed and emerging markets have supported a positive mood across both equity and fixed income this year. However, with some risks on the horizon, many investors are wondering whether the tide may turn. Against this backdrop, Franklin Templeton’s senior investment leaders discuss where they see opportunities and risks ahead.

Politics, Policies and Market Resiliency
Alternatives

Politics, Policies and Market Resiliency

If there were two words to describe the situation the United States is in right now in terms of the economy and the markets, I would choose stable and resilient . . . Whatever the election outcome, I think it will prove to be something the markets will able to digest and ultimately move forward from.

Optimism, Pessimism and Opportunity

Optimism, Pessimism and Opportunity

I would characterize the action in energy stocks over the past few months as herd mentality at its worst. For us, it’s about identifying the good companies that are getting thrown out with the bad, and that’s been a significant focus of ours for the last several months.