Beyond Bulls & Bears

What Will a US Government Shutdown Mean for Investors?
Equity

What Will a US Government Shutdown Mean for Investors?

US members of Congress are finding themselves at a stand-off over the creation of a border wall between the United States and Mexico. President Trump’s threats to shut down the government if the bill is not passed raise questions and uncertainty that will contribute to increased political risks for investors to consider. Stephen Dover, Head of Equities for Franklin Templeton Investments, shares his perspective about the potential impacts.

Trade and Taxes in a World With Borders
Fixed Income

Trade and Taxes in a World With Borders

“Successful [US] corporate tax reform would go a long way in promoting the incentives for real investment over the long term. Since weak investment has been identified as a potential drag on productivity growth since the global financial crisis, this shift in incentives could have strong and long-lived benefits.” - Michael Hasenstab

The Sectors Most Likely to Cheer US Tax Reform
Equity

The Sectors Most Likely to Cheer US Tax Reform

It’s always tough to gauge the impact of policy shifts in isolation. However, we think broad tax reform combined with other fiscal stimulus measures, such as infrastructure spending and repatriation of foreign profits, can be very effective (at least in the short term) in providing a boost or acceleration in gross domestic product growth over the next several years.

In the Know: Fed Lifts Rates, but “Lower for Longer” Likely
Fixed Income

In the Know: Fed Lifts Rates, but “Lower for Longer” Likely

We are cautiously optimistic the backdrop of potentially lower regulation and lower taxes could be a net positive for US economic growth and the corporate environment broadly, but many of the potential changes are likely to be easier said than done. To not anticipate any bumps would be overly optimistic.