Insights / Blogs

Insights / Blog

Diverse views influence the investment decisions we make. Here, my colleagues and I share those perspectives to help you navigate global market and economic developments.

James Swanson
Chief Investment Strategist
Why I Blog | About Me

November 27, 2015

This Week in Review: Markets Move Modestly Higher in Quiet Week

For the week ended 27 November 2015

  • US Q3 growth upwardly revised to 2.1%
  • US consumers save rather than spend
  • Japan responds to latest recession with fresh stimulus
  • Eurozone confidence remains high
  • Taxes move Pfizer-Allergan to merge

Markets were unusually calm during this holiday-shortened week, as US economic data were modestly positive and investors seemed unperturbed by the growing expectation of a hike in short-term US interest rates in December. However, Chinese stocks tumbled Friday, as investors grew nervous over officials’ latest efforts to regulate brokers.

November 24, 2015

Going into Overtime

by James Swanson, CFA, MFS Chief Investment Strategist
  • Economic and market data in late 2015 have imparted mixed signals to investors.
  • Historically, recessions haven't happened without some shock or excess as a reason.
  • US consumer and corporate spending may be able to push this business cycle forward.

Conflicting news reports, contradictory economic data, the Dow plunging 150 points one day and rallying 250 points the next. Investors these days face mixed signals everywhere and a market that churns with no real direction.

November 23, 2015

Credit Where Credit is Due

Day two of the MFS Global Markets Forum highlighted the tough questions facing fixed income investors. In a low yield environment, should investors searching for yield by extending duration or accepting greater credit risk? How should they handle tightening liquidity? Where can they find value in fixed income markets, including navigating emerging markets debt?

November 20, 2015

This Week in Review: Markets Take Prospective Fed Rate Hike in Stride

For the week ended 20 November 2015
  • Fed minutes point to December hike
  • US housing data mixed
  • Japan enters recession
  • Eurozone prices up 0.1%
  • Flurry of mergers announced in 2015
Global financial markets rose, unaffected by last Friday’s terrorist attack in Paris. Investors were comfortable with growing signs of a US Federal Reserve interest rate hike in December. Japan had a second straight quarter of contraction, while the European Central Bank is leaning towards expanding its stimulus program in December in response to deflationary risks.

November 17, 2015

Judgment Call

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If the fall in oil prices ignites global demand, revenues could pick up in 2016, which would deliver better earnings in the equity markets.