Where do we go from here?

The past few months have undoubtedly changed the economy and the world as we know it. However, history reveals things will eventually get better. With that in mind, where do we go from here?

The income conundrum
 

While companies around the world cut, suspend and/or defer dividends, Newton’s head of equity income, Ilga Haubelt remains confident about income investing.

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Shapes of recovery
 

With the dust beginning to settle on the biggest sell-off in a generation, the next question is whether we’re in line for a recovery, and, if so, what shape that recovery might take.

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Global equities: A rough road ahead?

Investors in global equities have endured a bumpy ride since the start of the year as sell-off gave way to partial recovery amid bouts of ongoing volatility.

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Journey to the end of the night

Indiscriminate market sell-offs and bouts of volatility have hit credit investors across many fixed-income sectors in 2020.
 

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Navigating the unpredictable
 

Following the heightened volatility and uncertainty seen in the first half of the year, Newton’s Global Real Return team has been busy preparing the portfolio for the second half, strengthening its return-seeking core.

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Are we running out of policy ammo?

In the fight against economic contagion, the battlefield metaphors have come thick and fast. Paul Brain, Rowena Geraghty, Miyuki Kashima and Sebastian Vismara weigh in.

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Japan and Covid-19: A tale of policy firepower

Policymakers have pulled out all the stops in response to the Covid-19 pandemic with a monetary and fiscal stimulus package that recalls the early days of Abenomics, says fund manager Miyuki Kashima.

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Will the ECB get some breathing room this summer?

In June, the European Central Bank (ECB) expanded what was already a sizable asset purchasing program.
 
 

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Why is the Fed still negative on negative rates?

The European Central Bank (ECB) and the Bank of Japan (BoJ) both have negative rates.
 
 

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Brand new bond market
 

In March, markets began to crack under economic pressure still prevalent months later.
 
 

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Building the way to recovery
 

Infrastructure is being affected by the fall-out from global lockdowns and travel bans. But new challenges also bring opportunity
 

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What to make of today's valuations

What’s behind May’s high S&P 500 valuation? With grim future earnings estimates yet a sharp increase in stock prices, the S&P 500 may be reflecting an overvalued market...

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The current state of affairs
 

While the world has indeed changed, the reasons investors looked to municipal bond exposure in the past have not.
 

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Taking advantage of tomorrow

Recent volatility reveals unprecedented levels of fear while markets struggle to gauge the extent of Covid-19’s economic damage.
 

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What today's consumer behavior tells us about tomorrow

Since Covid-19 abruptly appeared and changed the lives of many, government-mandated lockdowns have forced a large portion of the global population to stay indoors.

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Will the federal government’s lifeline to small businesses be enough?

Most Americans know about the Coronavirus Aid, Relief, and Economic Security (CARES) Act: a $2.2trn stimulus package designed to curtail the economic fallout from Covid-19.

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Vantage Point: Pandemic

The world has seen the emergence of a novel coronavirus that has infected large numbers of people in China and the rest of the world. This edition is devoted to trying to work out what the economic impact might be, and for how long it will continue.

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Historically Speaking, Time is On Your Side

A true long-term investment perspective should include both the future and the past. 

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Five past bear markets and what they taught us

David Leduc (DL), head of fixed income at Mellon, and George Saffaye (GS), global investment strategist at Mellon, dissect five past bear markets (20% peak-to-trough) and reveal what they think the biggest takeaways were for investors.

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Looking for an “All Clear” Sign?

Examing today's volatility through a historical lens
 

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The Case for Asset Allocation
 

A true long-term investment perspective should include both the future and the past. By taking into account events that shaped the markets and their subsequent recoveries, we may see patterns of potential recovery applicable to our own futures.

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Stick with a Plan in Uncertain Financial Markets

The market turbulence that plagued investors in the first quarter of 2020 has continued. This persistent volatility has left investors with some nagging questions.
 
 

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Volatility
 

Impacts of market volatility are not felt equally by all investors

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Is Derisking Risky Business?

Since 2017, in our view, many investors have been derisking, moving away from intermediate duration bonds to ultrashort duration bonds and cash-like securities. We think this deserves a deeper look.

Covid 19: Looking through the crisis

Once we know that all major economies are in lockdown, we may be able to start calculating the extent of the economic...
 

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All investments involve risk, including the possible loss of principal.

This material has been distributed for informational purposes only. It is educational in nature and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Views expressed are those of the author stated and do not reflect views of other managers or the firm overall. Views are current as of the date of this communication and subject to change. Forecasts, estimates and certain information contained herein are based upon proprietary research and are subject to change without notice. Certain information has been obtained from sources believed to be reliable, but not guaranteed. Please consult a legal, tax or investment advisor in order to determine whether an investment product or service is appropriate for a particular situation. 

BNY Mellon Investment Management is one of the world’s leading investment management organizations and one of the top U.S. wealth managers, encompassing BNY Mellon’s affiliated investment management firms, wealth management organization and global distribution companies. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the Corporation as a whole or its various subsidiaries generally.

No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. All information contained herein is proprietary and is protected under copyright law. 

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