Perspectives On the Markets

Current macroeconomic data and market trends in fixed income, equity, and real assets, to help inform your investment decisions.

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Economic & Market Outlooks

Each quarter our asset managers provide outlooks covering the bond, equity and real estate markets along with views on asset allocation. Read their perspectives on the latest economic and market trends.

Whitepapers & Commentary

Explore recent whitepapers and commentary authored by thought leaders across PGIM.

Featured Content

The Technology Frontier

We are living in an era of unprecedented technological change. At PGIM, we believe the implications for investors will be profound, radically transforming investment opportunities across asset classes and geographies.

Lower Range to Drive Stealth Bull Market in Bonds

With strong economic growth and central banks either tightening or preparing to tighten monetary policy, some forecasters may think the bear case for DM rates has strengthened. PGIM Fixed Income reviews evidence supporting a “low for longer” thesis for DM rates over the long term.

FAANG Stocks: Game Over or Still in the Early Innings?

Despite recent volatility, FAANG stocks have been on a tear this year, raising investor concerns about them being overvalued. This paper provides insights on each FAANG company’s business model and reviews potential growth opportunities over the longer term.

More Thought Leadership

R*, Rock Star or Dark Star?

R* has been one of the central tenets of US Federal Reserve (Fed) policy. However, it now appears the Fed is backing off R*. QMA discusses how the metric may get a second life as an investment tool.

Fed Hikes, Keeps Options Open

The Federal Reserve hiked the Fed funds rate as expected by 25 bps and gave every indication of sticking to its path of gradual rate hikes in the future. PGIM Fixed Income explains why they’re optimistic on the outlook for U.S. fixed income.

Help Wanted: Why Inflation may Actually be Right this Time

Analysis of US labor statistics shows that the pool of available workers is being drawn down much more quickly than many people realize. QMA shares insights from its research and discusses the potential implications for financial markets.

Digital Payments: Faster, Cheaper, and More Convenient

The worldwide shift from cash to physical cards and then digital payments offers tremendous opportunities for investors. Jennison Associates provides insights into the industry landscape, key players, and the fastest growing segments.

The Fed's Swap Lines During the Crisis: Lender of the Last Resort on a Global Scale

A decade after the worst of the Global Financial Crisis (GFC), PGIM Fixed Income looks back at the instability of the global financial system and details the role of the Federal Reserve as the international lender of last resort.

Argentina: Lingering Vulnerabilities in the Face of Uncertainty

The volatility in Argentina has both idiosyncratic and global contagion components. This paper describes how the volatility in Argentine markets developed, the uncertainties that lie ahead, and PGIM Fixed Income's positioning across hard currency bonds, local debt, and FX.

The Long and the Short of it: The Quant Shorting Advantage

Why utilize short selling? This paper examines how short selling can be a powerful tool to broaden the set of alpha opportunities, with some shorting-enabled products even lowering overall portfolio risk and helping preserve capital during market drawdowns.

Fixed Income: The Active Advantage

Despite lower costs, passive investors are giving up opportunity for alpha in exchange for relatively small savings. This paper explores performance and important idiosyncrasies of the fixed income market that investors should consider when choosing between active and passive.