Each month, the SSGA Investment Solutions Group (ISG) meets to debate and ultimately determine a Tactical Asset Allocation (TAA) to guide near-term investment decisions for client portfolios. Here we report on the team’s most recent discussion
State Street Global Advisors
120 posts
Utilities, aerospace and defense, and oil & gas exploration are sector opportunities with great growth potential
We discuss various parts of the consumer reaction function that help explain the divergence between consumer sentiment and some important pieces of macro data. We also give thoughts on what this disconnect may mean for consumer and voter behavior.
No matter how clearly Chairman Powell signals the Federal Reserve’s (Fed) plans to bring inflation back to target, investors continue to obsess about how soon and how many times the Fed will cut rates this year. In fact, investors have been so preoccupied with Fed policy that they missed the economy sticking the soft landing
The inflation story is progressing roughly as anticipated, with the caveat that the disinflation process had paused in the US earlier this year.
Although the environment for risk assets remains largely attractive, early gains from achieving the soft landing are likely in the rearview mirror for investors. It’s going to get tougher from here. The increasing likelihood of a Fed monetary policy mistake, stubborn inflation, disappointing earnings results, toppling over the US fiscal cliff, rising geopolitical tensions, and contentious elections all pose serious risks to the rally.
As the US election draws closer, greater investor attention is warranted on how to align market views with the potential November outcome. In this article, we consider which equity sectors could benefit or lose out depending on the election results.
What’s happening with gold this month? In Talking Gold, we track changes in the gold market by looking at price trends, gold ETF flows, and fundamental drivers for the precious metal.
Exploring growth opportunities in the insurance, homebuilding, and biotech sectors for Q2 2024, highlighting the strong growth outlook, attractive valuations, and potential for innovation and disruption in these industries.
Gold demand in India, the world's second-largest gold consumer, has experienced a broad-based drop due to high prices, with jewelers and consumers waiting for a price correction before adding to their stock or buying more jewelry.
As we look back at the past year, it's clear that the Federal Reserve's response to the regional bank challenges has had a significant impact on the market. The Bank Term Funding Program, which injected over $300 billion in liquidity, supported a 19% surge in the S&P 500 through July.
The dot plot continues to show three rate cuts this year, the same as in December. However, only three cuts are now expected in 2025 (versus four previously) and the long-run neutral rate was nudged up by a tenth to 2.6%.