Stay up-to-date with the current investment and macroeconomic issues at ClearBridge Investments. We provide analyses of the themes and trends which lie at the heart of your investment challenges.
A compendium of our recent best thinking on the impact of ESG integration and engagement, ClearBridge Investments' 2023 Stewardship Report is an index to topics that will dominate investment conversations in the months and years ahead.
More...Bank failures in March marked the first lagged effect from the Fed’s aggressive tightening cycle. Broader risks may materialise later this year as tighter lending standards reduce credit availability, weighing on GDP growth.
More...In both short-term and long-term scenarios, the effect of the changes in macro variables on infrastructure returns is positive in most cases.
More...Irrespective of what the Fed ultimately decides, it seems probable that lending standards will tighten further meaning less access to credit for borrowers and a higher cost of capital, resulting in slower economic growth.
More...We continue to believe a recession is more likely than a soft landing, given many of these data points are lagging or coincident in nature.
More...Hyperbolic rhetoric has caused public confusion about the merits of ESG investing and whether it is an appropriate consideration for fiduciaries, with exclusion of investment products that consider ESG analysis in some states reducing the options retirement plans are able to offer employees.
More...Risk is an essential component of the investment process that we must take on to accomplish our goal of delivering attractive long-term returns.
More...While housing has been on the leading edge of the current downturn, the threat of higher interest rates will likely be muted relative to history.
More...Regulation, biodiversity and human and labor rights should remain a focus for sustainability-minded investors in 2023.
More...With a deep red signal emanating from the ClearBridge Recession Risk Dashboard and a Fed clearly willing to tolerate economic pain in order to restore price stability, we believe a recession is likely in 2023.
More...We see 2023 shaping up to be a tale of two halves. Heading into the new year, we continue to favour value stocks with defensive characteristics. However, as market participants become convinced the bear market is over, leadership should rotate toward small cap and more aggressive, higher risk stocks.
More...The ClearBridge Recession Risk Dashboard has been flashing a red or recessionary signal for the past four months, consistent with our view that a recession is likely to occur in the U.S. in the next 12 months.
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