Active Insights with Chris Galipeau
Senior Market Strategist Chris Galipeau shares research-driven views on the global marketplace from Putnam's active investment teams. Chris has 28 years of investment industry experience and is a member of the CFA Society Boston and the Market Technicians Association.
Highlights of the September 2021 update
Our Investment Framework contains the views and opinions of Putnam‘s Equity, Fixed Income, and Global Asset Allocation teams.
Forecast for year-end index level
Consumer discretionary | Industrials
Materials | Technology | Financials
Forecast for year-end U.S. 10-year Treasury note yield
Constructive view on high-yield, investment-grade, and municipal bonds. Tighter credit spreads may limit total return going forward.
Forecast for 2021 core PCE
Download the full update for
Get more Active Insights with the podcast
Each episode, Chris Galipeau has an in-depth conversation with a different Putnam portfolio manager to share timely insights on the markets and global economy.Listen now »
Post-recession market trends
How do different asset classes perform coming out of recession? Is there a drop off in performance in the second year of a recovery relative to the first year? In this analysis we look at asset class performance in the two calendar years after a recession ends.More »
A season for stock returns
Is there seasonality to equity market returns over time and, if so, is it repeatable, measurable, and significant? We turned to one of our favorite sources for market information, “The Stock Trader’s Almanac” to find the answers.More »
Tracking PMI data and forward equity returns
We believe real economic growth is likely to reach levels not seen in the United States since 1983–1984. Our best estimate is for real GDP to approximate 6.5% year-on-year growth in 2021.More »
What do yields reveal about inflation expectations?
Investors can monitor these relationships to understand the underlying drivers of nominal yields.More »
Growth, Value, and Recessions
What equity investment style performs best as the economy enters a recession?More »
A look at inflation and investment performance
Investors are concerned about rising inflation going forward. We researched recent history to better understand how different asset classes perform during periods of increasing core inflation as measured by the Personal Consumption Expenditure Core Price Index.More »
Trends in small - and large-cap stocks during recessions
Studying market history may help provide a useful framework for investors as we navigate the recession of 2020. We looked back at the 5 recessions since 1980 as a guide.More »
Growth, Value, and Recessions
What style performs best as the economy enters a recession? What style performs best as the economy exits a recession?More »
S&P 500 Return Attribution
How have a handful of stocks impacted the year to date return of the S&P 500 index?More »
PMI data points to recovery potential
What can we learn from historically weak readings in the Institute of Supply Management‘s Manufacturing PMI?More »
About Chris Galipeau
Senior Market Strategist Chris Galipeau shares investment insights with financial advisors to have a positive impact on client portfolios. He has 28 years of investment industry experience and is a member of the CFA Society Boston and the Market Technicians Association. Follow him on LinkedIn and listen to his Active Insights podcast.