In this white paper, Invesco begins this quarter’s commentary with a review of US crop conditions and their potential impact globally. Next, the firm summarize the economic developments in the major regions and then close with a backward and forward look at financial markets.
Learn more about reprints and licensing for this article.
With interest rates and monetary policy locked in for the near term and fiscal policy uncertainties expected to persist, our top-down 2013 outlook is for a low growth, low inflation economic environment. We believe this "Goldilocks" environment — which is neither "too hot" nor "too cold" — could be credit supportive. A bottom-up reading of the credit environment also supports this view, but the story becomes more of a cautionary tale in which investors need to be more selective about their investment choices.
Reports about a 'Great Rotation' from fixed income into equities are raising expectations about the possibilities of a new secular bull market. But Richard Golod, director of global investment strategies at Invesco, says a little perspective is in order.
With the November election in the rear-view mirror, what can retirement plan sponsors and participants expect in 2013? This new white paper from Invesco explores.
Despite a lack of corporate earnings growth in 2012, a surge of investor confidence boosted US stocks. But experts at Invesco don't believe that type of market rally is sustainable for the longer term. Looking ahead, we expect the market environment to be tougher in 2013 as companies face a crossroads: continue to hoard cash at the long-term expense of future growth, or reinvest in their business at the shorter-term expense of profit margins?
A new white paper from Invesco's Richard Golod, Director, Global, Investment Strategies
