U.S. Midterms—A Divided Political Verdict, But Marginally Positive for Markets?
PGIM Fixed Income discusses the implications and market reaction following the recent U.S. midterm elections.
The Surprisingly Restrained U.S. Consumer: A Source of Stability for the Global Economy?
With the recent 10-year anniversary of Lehman Brothers’ failure, it’s useful to step back and assess how the global economy and financial system are different than they were a decade ago. In this paper, we examine a difference that has powerful implications for economic performance.
A New Chapter for the Brazilian Economy?
The Bolsonaro administration will likely push for an overall market-friendly agenda that includes addressing Brazil’s pressing fiscal shortcomings. Various metrics, particularly those capturing the economy’s external stance, will likely maintain Brazil’s creditworthiness in the short term. On a longer-term horizon, Brazilian financial assets could become reliable alpha-generating alternatives.
R*, Rock Star or Dark Star?
How a metric glamorous only to economists may hold the key to whether recent market turbulence simply reflects an adjustment to higher rates or a miscalculation by the Fed.