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.
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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Assessing Bear Market Conditions
CIO Scott Glasser answers questions on past bear markets and discusses how to make productive use of volatility.
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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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The Long View: 2022 - The Year of Transition
We expect more volatile equity markets with more muted returns than the last two years as the macro environment undergoes a shift in terms of phase of the economic cycle, the pandemic, monetary policy and fiscal stimulus.
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Opportunities and Mega-Trends for Infrastructure
Infrastructure is at the centre of several well recognised and long term thematics, including COVID recovery stimulus programmes, net-zero and the path to decarbonisation, transport efficiency and digital connectivity. In this video Portfolio Manager, Nick Langley explains the impact of Public Policy globally and how investors can benefit from these opportunities and mega-trends.
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Infrastructure Outlook in 2022: Defensive Growth, or Just Defense?
In an uncertain macroeconomic environment, the certainty of future earnings and growth will be key: infrastructure and utilities significantly outperform other equities on this measure.
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U.S. Equity Outlook: Markets Gird for Reduced Liquidity
In our U.S. Equity Outlook: “Markets Gird for Reduced Liquidity” Chief Investment Officer, Scott Glasser explains the importance of small caps contributing to market breadth and advocates a balanced approach among growth and value stocks as liquidity is withdrawn from the economy.
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AssetTV Global Equity Outlook for 2022
In a recently released AssetTV video Portfolio Managers, Margaret Vitrano, Elisa Mazen and Dmitry Khaykin highlight their views on inflation, Omicron and regulatory risks and discuss where they see the best opportunities in U.S. and international markets in the year ahead.
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