All viewpoints
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Negative yields, helicopter money—what will central banks try next?
One policy that could be employed is helicopter money—a kind of permanent quantitative easing that can take many forms, including tax rebates or electronic transfers into bank accounts.
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Emerging-market debt: down, but not out
The headlines relating to emerging markets over the past three months remained largely negative. But look a little deeper and it isn’t difficult to find signs of stabilization.
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The energy sector still requires caution and patience
Oil producers face a long struggle to adapt their capital intensive business models to the realities of low cost oil, constraining an already narrow set of equity opportunities within energy.
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Monetary policy doves make a surprise appearance
The U.S. Federal Reserve softened its expectations for interest rates in its most recent release. That's good news for investors, but suggests the global risks to the U.S. economy are unlikely to dissipate anytime soon.
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Jobs figures improve, but wage growth loses steam
Despite the positive February jobs report, most gains were recorded in low-wage areas of the economy. We're still waiting for more significant income gains—and, in all likelihood, so is the Fed.
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Growing pains: why high volatility in healthcare shouldn't last
Healthcare stocks have been under pressure, despite solid fundamentals and sensible valuations. Wellington Management’s Jean M. Hynes, CFA, puts recent price disruptions across the sector in context.
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Supermajor energy companies provide opportunity amid turmoil
Despite the uncertainty of oil prices, there's an argument to be made that improving cash flows and compelling valuations make supermajor energy companies attractive at today’s prices.
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China is not fertile ground for bottom-up stock pickers
The Chinese government's pervasive intervention in the nation's equity and currency markets puts bottom-up stock pickers at the mercy of China's highly unpredictable policy moves.
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Banking on long/short experience with a seasoned financials team
Certain market participants’ eagerness to trade financials based on macroeconomic headlines versus business fundamentals is fertile ground for our long/short sector expertise.
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In troubled times for equities, quality is critical
In an environment in which accommodative monetary policies are failing to spur global growth, equities' quality attributes can be critical in providing value and potential downside protection.
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