Beyond Bulls & Bears

Notes From the Trading Desk – Europe
Equity

Notes From the Trading Desk – Europe

A growing sense of optimism around US/China trade talks and an ongoing dovish narrative from central banks helped equity markets generally achieve a positive performance last week.

On My Mind: The Fed Will Hike Again—Because It Can
Fixed Income

On My Mind: The Fed Will Hike Again—Because It Can

While the financial markets seem to be betting on a very extended pause in the US Federal Reserve’s multiyear tightening cycle, Franklin Templeton Fixed Income Group Chief Investment Officer Sonal Desai has another idea. Here, she makes the case that interest-rate hikes may still be on the table this year.

Convertible Securities: Don’t Believe Everything You Hear
Equity

Convertible Securities: Don’t Believe Everything You Hear

“As long-term investors, our view on convertible securities doesn’t change from quarter to quarter or during periods of market volatility.” - Alan Muschott, Franklin Equity Group

A Measured but Constructive Market View
Equity

A Measured but Constructive Market View

The market environment for value investors over the past few years has been less than ideal, but that doesn’t mean there aren’t opportunities to be had. Templeton Global Equity Group Director of Portfolio Management Antonio Docal and Director of Research Heather Arnold say they plan to use recent market volatility to uncover values. They share some brief thoughts on issues facing investors today, including trade wars, Brexit and slowing growth in China.

The Real Risk in Today’s Global Markets
Perspectives

The Real Risk in Today’s Global Markets

While some observers might worry that the current global economic cycle is ending, Templeton Global Macro CIO Michael Hasenstab characterises the slowing growth we are experiencing as a cyclical slowdown, not the end of the cycle. He is more concerned with the political vulnerabilities he’s seeing in the global economy today, and says the world’s increasing fragmentation due to populist policies is a major concern.

K2 Advisors: It’s the End of the Fed’s World as We Know It
Alternatives

K2 Advisors: It’s the End of the Fed’s World as We Know It

Market volatility returned with a vengeance towards the end of 2018, with numerous uncertainties invoking memories of the Great Recession. K2 Advisors’ Robert Christian and Brooks Ritchey believe the most recent turmoil has been a function of some asset-price distortions stemming from central bank actions. They explain what it all means for investors—and for hedge-fund vehicles in particular.

Reinventing Cars—Risks and Rewards on the Transportation Highway
Fixed Income

Reinventing Cars—Risks and Rewards on the Transportation Highway

Mobility technologies are reshaping how cars are powered, driven and used for years to come. In this excerpt from the latest edition of FT Thinks: "The Promise of Innovation," Franklin Templeton Fixed Income Group outlines three mega-trends—electrification, autonomous mobility and ride-hailing services—upending the old world order. They offer perspective on where we think the auto industry is headed, and the credit qualities the team look for from companies in the rapidly shifting auto industry.

Surveying the Investment World through an ESG Lens: A Snapshot of Key Topics from the US
Perspectives

Surveying the Investment World through an ESG Lens: A Snapshot of Key Topics from the US

Fresh from a series of ESG conferences in the United States attracting investors, managers and scientists, Julie Moret, Head of ESG at Franklin Templeton, outlines five topics that sparked her attention and that investors with an interest in ESG should have on their agenda.

Slowdown Doesn’t Mean Stop. Our View on US Interest Rates, Inflation and China
Fixed Income

Slowdown Doesn’t Mean Stop. Our View on US Interest Rates, Inflation and China

While the US Federal Reserve (Fed) decided to leave interest rates unchanged at its January policy meeting, the market seems to be thinking the Fed may press pause for an extended period. A prolonged US government shutdown has heightened concerns the economy could be at a tipping point, but Sonal Desai, Chief Investment Officer, Franklin Templeton Fixed Income Group, weighs in on why the notion the Fed won’t raise rates at all this year “is misguided.”

Global Uncertainty Highlights GCC Debt Opportunity
Fixed Income

Global Uncertainty Highlights GCC Debt Opportunity

“While a stable economic backdrop remains supportive for Gulf Co-operation Council’s (GCC’s) debt, perhaps the most significant event for local bonds is the GCC’s inclusion in the J.P. Morgan Emerging Market Bond Index from January 31.” - Dino Kronfol, chief investment officer of Franklin Templeton Global Sukuk and MENA Fixed Income

US Government Shutdown Paused for Now: Assessing the Economic Impact
Equity

US Government Shutdown Paused for Now: Assessing the Economic Impact

The longest-ever US government shutdown has finally ended—at least temporarily—while negotiations continue over funding of a US-Mexico border wall. While the government will be reopened at least until February 15, the economic implications of the shutdown and the potential for more disruption ahead has become a source of concern to many global investors. Stephen Dover, Head of Equities for Franklin Templeton, outlines some considerations.

What Really Stood Out at the 2019 US Consumer Electronics Show
Equity

What Really Stood Out at the 2019 US Consumer Electronics Show

“In our view, it’s important to understand the difference between a commercially viable product and a design concept. At the Consumer Electronics Show, we try to avoid becoming overly excited by product announcements that don’t include a firm price point or a launch date.” – Franklin Equity Group