Beyond Bulls & Bears

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

“It seems likely the Five Star Movement will have a major part to play in Italian policy going forward. Coalition governments are commonplace in Italy and a single party has not won an outright majority since the Second World War.”- Franklin Templeton European Trading Desk team, March 5, 2018.

In the Know: Trump’s Fed Chair Pick Seen as Market Positive
Fixed Income

In the Know: Trump’s Fed Chair Pick Seen as Market Positive

“The markets should take some comfort in Powell, as he is a current Fed governor and more or less represents the current state of affairs, business as usual. He has worked alongside Yellen since 2012, and they are philosophically alike (dovish bent).” Christopher Molumphy, Franklin Templeton Fixed Income Group

Brexit: All Eyes on the Politicians
Perspectives

Brexit: All Eyes on the Politicians

We believe the ramifications of Brexit for the rest of Europe are far reaching—more so than many people think.

Notes from the Trading Desk – Europe
Perspectives

Notes from the Trading Desk – Europe

European markets had a tough week and closed lower for the third week in a row, as a stronger euro weighed on equities, whilst the United States fared better on the back of Yellen’s speech and US dollar weakness.

Want to Create Value? Dig Deep and Adjust Your Expectations

Want to Create Value? Dig Deep and Adjust Your Expectations

In this current environment with elevated valuations (by historical standards), a trade-off exists between earnings risk and valuation risk. These are the decisions that some investors will want to consider as they strive to produce acceptable returns.

Seeing the Silver Lining for Fixed Income in Fed Move
Fixed Income

Seeing the Silver Lining for Fixed Income in Fed Move

As we look ahead to 2016, we finally have entered this long-anticipated rising-rate environment. However, it’s likely to be slow and steady, and certainly not something we believe should cause major portfolio dislocations for fixed income investors.

No Fireworks from the ECB as Draghi Plays It Cool

No Fireworks from the ECB as Draghi Plays It Cool

(Mario) Draghi and his governing council colleagues wanted to avoid rocking the boat too much, preferring instead to keep things moving and to show that they were prepared to act.