MARKETS & ECONOMY

PGIM’s asset managers provide forward-looking analyses of market forces impacting the coming quarter, and concise reviews of key market activity, formulated for the institutional investor.

Looking Ahead After the U.S.-North Korea Summit

Gerwin Bell, PhD, Lead Economist for Asia on PGIM Fixed Income’s Global Macroeconomic Research Team, and Mehill Marku, portfolio manager on the Foreign Exchange Team, examine two competing schools of thought following the historic summit, and look at how the delicate relationship may evolve.

2018 Milken Institute Global Conference

Navigating a World in Transition

PGIM is proud to be a gold sponsor of the annual Milken Institute Global Conference, which brings together brilliant minds that possess the ability to move the world forward in a variety of ways. Milken’s commitment to the power of ideas makes this a dynamic forum where we can contribute our expertise while gaining new ideas from the vast network of accomplished and influential people from all over the globe.

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Q2 2018 Market Outlooks

Against the backdrop of continued growth in the global economy, heightened trade tensions, and other prevalent market concerns, a new element of caution arises for investors. PGIM’s investment managers provide diverse outlooks from the perspective of their portfolio managers in fixed income and equities.

PGIM CEO Doesn't Expect Jump in Inflation Anytime Soon

David Hunt, PGIM's chief executive officer, discusses President Donald Trump's tariff plans. He spoke with Bloomberg's Scarlet Fu and Julia Chatterley March 1 on "Bloomberg Markets."

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When the Dust Flies: How Volatility Events Affect Asset Class Performance

PGIM’s Institutional Advisory & Solutions (IAS) group investigates asset class performance before, during, and after volatility events.

The U.S. Labor Productivity Puzzle 

Nathan Sheets, PhD, Chief Economist and Head of Global Macroeconomic Research, and George Jiranek, Analyst, Global Macroeconomic Research

One puzzling feature of the economic data in recent years has been a sharp slowdown in the pace of U.S. labor productivity growth. And what makes this recent drop in labor productivity growth so puzzling is the abundant evidence of rapidly proliferating technology. In this paper, we examine a number of hypotheses that have been put forward to explain the perplexing slowing of U.S. labor productivity, which undoubtedly has important international implications. 

How Clean is “Clean”? Greece is Aiming for a “Clean Exit” From Its Third Bailout

Jürgen Odenius, Economic Counsellor

In a follow up to the "From Greece to Bondholders with Love" white paper, Jürgen Odenius, Economic Counsellor, explores whether Greece can make a “clean exit” from its third and final bailout and the consequent impact on bondholders.
 

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QMA

All Eyes on Productivity

In this edition of QMA's Market Pulse, "All Eyes on Productivity," QMA's Global Multi-Asset Solutions team explains why productivity growth is one of the metrics it is watching for clues to the staying power of the current economic and market cycle. The team notes that the past decade of anemic productivity growth would ordinarily be a cause for pessimism on this front, but also highlights the early signs it is seeing of a productivity pickup, and how this could yet spawn a new virtuous cycle of rising wages, benign inflation conditions and higher GDP growth.

Implications of U.S. Tax Reform

President Trump and Congressional Republicans won a clear victory with the passing of the Tax Cuts and Jobs Act. As the largest tax overhaul in 30 years, the legislation will undeniably have some effects on the markets and economic growth in 2018 and beyond. Here we provide a range of insights about the potential implications of the tax bill from our asset class experts.