Perspectives
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.
The Long View: The Rorschach Economy
Similar to past recessionary drawdowns, we believe the bottoming process for equities will take time to unfold.
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AOR Update: Recession or Red Herring?
The overall signal in the ClearBridge Recession Risk Dashboard has worsened from yellow to red, with the Money Supply indicator also changing from yellow to red and deterioration in several indicators that did not move enough to trigger signal changes.
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AOR: US Economic and Market Views - August 2022 Update
For the economy to avert recession after a second straight negative quarter and a now yellow Recession Risk Dashboard, the Fed will likely need to make a dovish pivot.
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AOR Update: Yellow Light for the Fed
For the economy to avert recession after a second straight negative quarter and a now yellow Recession Risk Dashboard, the Fed will likely need to make a dovish pivot.
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The Long View: Are We There Yet?
In the latest Anatomy of a Recession update, Jeff discusses where equities ultimately bottom will depend on how well the economy and earnings hold up.
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AOR Update: Fast & Furious 75
In the latest Anatomy of a Recession update, Jeff and Josh trace the health of the labor market as key to taming inflation and achieving a softish landing for the economy.
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AOR Update: Will the Consumer Bend or Break?
In the latest Anatomy of a Recession update, Jeff and Josh trace the health of the labor market as key to taming inflation and achieving a softish landing for the economy.
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AOR Update: Not Your Father's Energy Crisis
Jeff and Josh compare the current oil price spike to the Arab oil embargo that sparked the 1973-75 recession but note that today’s economy is starting from a stronger foundation as reflected by a green signal for the Recession Risk Dashboard. Cracks are appearing, however, with commodities and credit spreads weakening to yellow during April.
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The Long View: When Doves Cry
Our latest Anatomy of a Recession update discusses how when even the most notable doves call out the risk of inflation, investors should take the Fed seriously.
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AOR Update: Resilience in Wartime
While a European slowdown would be a headwind for U.S. growth, the expansion is slowing from elevated levels and recession risks remain low.
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2022 Inflation Outlook: Transitory or Structural?
Investment Strategist Jeff Schulze, CFA, and Investment Strategy Analyst Josh Jamner, CFA, discuss the likely trajectory of inflation in 2022 and the good news for long-term equity investors in the face of rising interest rates.
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AOR Update: Home Sick
Investment Specialists, Jeff Schulze and Josh Jamner discuss how sick workers are measured in employment data could be understating jobs and overstating wage gains, and potentially impact monetary policy.
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