Global Economic & Market Commentary — March 2021

Summary In the US, passage of a $1.9T stimulus package should provide a bottom up growth boost, and vaccine deployment has boosted optimism around a…

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Global Economic & Market Commentary — December 2020

Summary The passage of the December stimulus package and clarity around the vaccine timeline has renewed optimism for growth in 2021. Signs of long-term…

Global Economic & Market Commentary – Third Quarter 2020

Summary The magnitude of the recovery has surprised to the upside, especially in the US. Business survey, consumption and housing data strengthened…

Global Economic & Market Commentary — Second Quarter 2020

Summary Historic coordinated global central bank easing and fiscal stimulus boosted equity markets and stabilized credit markets in the second quarter…

Global Economic & Market Commentary — Spring 2020

Summary: Global equity markets recovered in April boosted by the Federal Reserve’s unlimited QE announcements and public optimism about the path of…

Global Economic & Market Commentary — First Quarter 2020

The spread of the coronavirus outside of China in February and March triggered historical declines in global equitiesand froze many fixed income markets…

Global Economic & Market Commentary — Fourth Quarter 2019

Outlook for 2020 Growth will remain slow in 1H 2020, but we have likely seen a bottoming in manufacturing data. A robust labor market will keep consumption…

Global Economic & Market Commentary — Fourth Quarter 2019

Global equities ended the decade with a fourth quarter surge fueled by Fed cuts and positive geopolitical developments, namely a Phase one trade agreement…

Global Economic & Market Commentary — Third Quarter 2019

We enter the fourth quarter with the lagged effects of policy uncertainty visible in both hard and soft economic data. Global growth has slowed, led by…