Multi Asset

An unexpected shock in the banking sector has stress-tested the economy and policymakers. Both initially passed. But the impact on lending and credit conditions remains unclear and increases the likelihood of a mistake by the Fed going forward.

Moving away from an abnormal regime of crisis-era stimulus won’t be a smooth process. But the volatility should be easier to stomach knowing that the destination is likely to be a healthier, more balanced economy.

Passive investing has become popular with defined contribution plans due to its low costs and ease of use.

Weak global growth for the year ahead appears almost certain. The outlook for capital markets is anything but.

The outlook for stocks and bonds given the expected paths of economic growth and interest rates.