Beyond Bulls & Bears

Assessing a Divided Congress and Market Fundamentals
Multi-Asset

Assessing a Divided Congress and Market Fundamentals

“In general, we think a divided Congress will likely leave the overall direction of policy unchanged. We don’t see major changes to tax, spending or trade policies.” – Ed Perks, CIO of Franklin Templeton Multi-Asset Solutions

Notes From the Trading Desk – Europe
Equity

Notes From the Trading Desk – Europe

The last few of days in October brought some welcome respite for equity markets thanks to month-end positioning, robust corporate earnings and better tone around US/China trade. Markets were in positive territory last week across the board.

US Equity Market: Are Things as Good as They’ll Get?
Equity

US Equity Market: Are Things as Good as They’ll Get?

The US equity market's ascent paused in October as investors digested rising rates, slowing global growth and the persistent question: “Are things as good as they’ll get?” As many observers expect further turbulence ahead, Franklin Equity Group’s Grant Bowers shares his view on US equities, the economy, and how to stay focused on long-term investing in a volatile market.

How Angela Merkel’s Future Could Influence European Markets
Fixed Income

How Angela Merkel’s Future Could Influence European Markets

Markets have largely brushed off speculation about the future of German Chancellor Angela Merkel as she stood down as leader of the Christian Democratic Union party. However, our Head of European Fixed Income David Zahn believes her decision could have ramifications, both politically and economically, in the not-so-distant future.

Renewable Energy Gaining Steam
Alternatives

Renewable Energy Gaining Steam

Renewable energy has been gaining steam for many reasons, as have the investment opportunities in the space. Ketul Sakhpara, portfolio manager and research analyst, Franklin Real Asset Advisors, outlines the three main drivers of interest, and where his team sees potential. You might be surprised to learn how emerging markets in particular are ramping up renewable energy.

Fourth Quarter Hedge-Fund Strategy Outlook: K2 Advisors
Alternatives

Fourth Quarter Hedge-Fund Strategy Outlook: K2 Advisors

In their fourth-quarter (Q4) 2018 outlook, K2 Advisors’ Research and Portfolio Construction teams take a deeper look at alpha, and why they feel it’s misunderstood. They believe offering these insights will help investors better understand the rationale for owning retail mutual funds that invest in hedge strategies.

A Few Words on Equity-Market Volatility
Equity

A Few Words on Equity-Market Volatility

October has lived up to its reputation as a volatile month as concerns about rising US interest rates, slowing growth in China and upcoming US midterm elections have spooked many investors. Franklin Equity Group offers a few words on the recent turmoil, why volatility can unlock compelling opportunities and why the investment team still sees a compelling case for technology companies.

A Global Macro Perspective: Populism, Trade and Emerging-Market Volatility
Fixed Income

A Global Macro Perspective: Populism, Trade and Emerging-Market Volatility

Templeton Global Macro Chief Investment Officer Dr. Michael Hasenstab and Vice President and Deputy Director of Research, Dr. Calvin Ho, discuss emerging-market turbulence, the persistent concerns around trade policy and divergent growth trends in the developed world.

The US Yield Curve: Should We Fear Inversion?
Fixed Income

The US Yield Curve: Should We Fear Inversion?

There has been a lot of talk this year about the flattening of the US yield curve—which is a graphical representation of the spread between short- and long-term interest-rate instruments. Our senior investment leaders make a case that the “predictive power” of the yield curve when it comes to the US economy may not really be so predictive this time around.

Global Economic Perspective: October
Fixed Income

Global Economic Perspective: October

In this month’s Global Economic Perspective, our Fixed Income Group discusses whether optimism about the US economy is justified, and whether Italy’s budget talks could lead to looser fiscal policy elsewhere in the eurozone.

Hasenstab: Focus on Fundamentals in US, Emerging Markets
Fixed Income

Hasenstab: Focus on Fundamentals in US, Emerging Markets

“If you have a three-month time horizon, EM investing is very difficult. If you have a couple-year horizon, you can exploit these panic sell-offs that are not fundamental in nature.” - Michael Hasenstab

Italy’s Inflection Point as It Prepares to Unveil Spending Plans
Fixed Income

Italy’s Inflection Point as It Prepares to Unveil Spending Plans

Controversial spending plans outlined by Italy’s populist government caused consternation among investors at the beginning of October. David Zahn, Franklin Templeton’s head of European Fixed Income, considers how the coalition government’s growing popularity could influence the European Union’s response. And he explores the implications for the wider eurozone.