Another Sharp Pullback, but Not the Start of a Bear Market
The sharp pullback in stocks seen in October is another correction in an ongoing bull market, not the start of a bear market, according to QMA’s Global Multi-Asset Solutions team in a new Market Pulse.
Small Caps’ Turn
In the latest edition of QMA’s Market Pulse, “Small Caps’ Turn,” the Global Multi-Asset Class Solutions team runs through the factors that caused it to start adding exposure to small caps back in March – and that should continue to support outperformance going forward. Chief among the drivers: The ongoing rise in trade tensions, the recent rebound of the US dollar, and fresh political turmoil in Italy and Europe, all of which should see investors further migrating to a more domestically oriented asset class generally more insulated from international currents.
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.
All Eyes on Productivity
Investors are beginning to take a closer look at the tight labor market and recent tax overhaul and make the connection to the potential for rising prices and an increasingly aggressive Fed. What is getting less attention is the critical role that productivity could play in forestalling those dangers. Or not.