Explore our thinking about today's financial markets


Most recent post

Tapping into the growth potential of small-cap stocks

February 23, 2021  |  DCIO Only

Investors may want to consider the potential of small-cap stocks as they review allocations amid changing economic cycles.

More »

Tapping into the growth potential of small-cap stocks

Capital Markets Outlook

Recovery math: Square root of K = 0

Recovery math: Square root of K = 0

October 7, 2020  |  Capital Markets Outlook

The recovery has continued, but it could flatten out in the absence of more policy support.

More »


Fixed Income Outlook

Bond investors chase yields amid vaccine rollout

Bond investors chase yields amid vaccine rollout

January 27, 2021  |  Fixed Income Outlook

Global financial markets trended higher during the fourth quarter, powered by the emergence of COVID-19 vaccines and continuing stimulus policies.

More »


Equity Outlook

What would the end of the pandemic mean for the bull market?

What would the end of the pandemic mean for the bull market?

October 2, 2020  |  Equity Outlook

We explore what makes this recession unique, why vaccine progress could be disruptive to markets, and the potential impact of the U.S. presidential election on various industries.

More »

All posts
Tapping into the growth potential of small-cap stocks

Tapping into the growth potential of small-cap stocks

Investors may want to consider the potential of small-cap stocks as they review allocations amid changing economic cycles.

More

In election 2020, what matters to markets stays the same

In election 2020, what matters to markets stays the same

In this election season, the focus for investors may be on political winners and losers, but what stock markets focus on remains the same.

More

China leads, other emerging markets lag

China leads, other emerging markets lag

China is leading the economic recovery among emerging-market countries, buoyed by stimulus and stringent COVID-19 measures.

More

U.S. economy remains a centerpiece in 2020 vote

U.S. economy remains a centerpiece in 2020 vote

Fiscal policy will be a key focus for investors after the November election.

More

VIX futures hint at post-election uncertainty

VIX futures hint at post-election uncertainty

When there is election uncertainty the VIX can experience a “kink” to price indicating idiosyncratic risk.

More

The future is happening faster now

The future is happening faster now

We rarely see as much disruption as we have seen in 2020, and we believe this offers investment opportunities.

More

Perspective on keeping perspective

Perspective on keeping perspective

Five months into our pandemic environment, financial professionals are looking for ways to keep their work in perspective.

More

Deglobalization creates new winners in China

Deglobalization creates new winners in China

The trade war, pandemic, and the Made in China 2025 initiative are resulting in a deglobalization trend and opportunities in China.

More

Staying at home increases spending on homes

Staying at home increases spending on homes

As the economy continues to be challenged by the COVID-19 pandemic, we are seeing two notable trends in the U.S. housing industry.

More

V-shaped recovery proving elusive

V-shaped recovery proving elusive

The U.S. and global economic recoveries are unlikely to be “V-shaped” as businesses and consumers remain wary of returning to pre-pandemic behavior.

More

Vaccine is a wild card for the economy

Vaccine is a wild card for the economy

A vaccine for the coronavirus will be supportive of risky assets even if the economic benefits take longer to materialize.

More

The role of asset allocation in glide path selection

The role of asset allocation in glide path selection

Knowing the investments and how they are combined in a glide path is crucial in target-date fund selection.

More

Company diversity and social justice

Company diversity and social justice

Company diversity is a step toward equity and equity is a step toward inclusion, which is important to company success.

More

Disruptive change: A growth driver for small companies

Disruptive change: A growth driver for small companies

Disruptive change is often the force that enables small companies to compete against their larger peers.

More

Sustainability research: A week in the life of our team

Sustainability research: A week in the life of our team

Our research includes discussions with company managements, other researchers and investors, industry and subject experts, and non-profit organizations.

More

Behavioral shifts bring investment opportunities

Behavioral shifts bring investment opportunities

Many businesses that have been resilient and strong during the COVID-19 crisis are likely to become even stronger in the aftermath.

More

Coronavirus tests limits of U.S. stimulus plans

Coronavirus tests limits of U.S. stimulus plans

The coronavirus pandemic is testing the limits of fiscal and monetary policy responses from Congress and the Federal Reserve to boost the economy and calm financial markets.

More

Sustainable value: Gender diversity on corporate boards

Sustainable value: Gender diversity on corporate boards

Diversity in companies — including gender diversity — can have a positive impact on company performance and strategic ability.

More

ESG issues alive in healthcare

ESG issues alive in healthcare

Our team analyzes medical costs and access as ESG issues affecting human well-being and sustainable economic development.

More

What’s next for the hard-hit financials sector?

What’s next for the hard-hit financials sector?

The financials sector has been among the hardest hit from the COVID-19-induced equity market selloff, but there are reasons for optimism.

More

Perspectives on COVID-19

Perspectives on COVID-19

Putnam’s health-care analysts and portfolio managers offer their outlooks and perspectives on key aspects of the COVID-19 pandemic.

More

Oil’s wild ride and what lies ahead

Oil’s wild ride and what lies ahead

Demand for oil has collapsed as the coronavirus pandemic devastates the global economy and curbs much of the need for fuel from companies and consumers.

More

Navigating bond yields

Navigating bond yields

The trajectory of bonds yields will depend on the Federal Reserve's policies and fiscal stimulus amid a sharp global economic downturn.

More

Investing for growth in volatile markets

Investing for growth in volatile markets

Putnam portfolio managers discuss managing risk and finding investment opportunities in challenging markets.

More

Help plan sponsors be strategic fiduciaries

Help plan sponsors be strategic fiduciaries

As companies react to the economic shock, advisors can offer ideas to help plan sponsors in their role as strategic fiduciaries for their 401(k) plans.

More

Social distancing generates recession

Social distancing generates recession

A recession is looming in the United States as COVID-19 and social distancing take a toll on economic activity.

More

Manager insights: Bulls, bears, and bond markets

Manager insights: Bulls, bears, and bond markets

With the extreme swings in the market over the last few weeks, several of Putnam’s senior fixed-income managers shared their insights on the bond markets.

More

Equity opportunities in challenging markets

Equity opportunities in challenging markets

Putnam’s equity investment professionals recently discussed market conditions, their strategies, and their outlooks.

More

Recessions and the equity market:  A framework for investors

Recessions and the equity market: A framework for investors

In these days of significant market volatility, investors are looking for a framework.

More

Stable value as an option for DC plans

Stable value as an option for DC plans

We outline key considerations for DC plan sponsors considering stable value funds as a capital preservation option.

More

Manager insights on current volatility

Manager insights on current volatility

Putnam Investments hosted a webcast featuring insights on current volatility and the COVID-19 pandemic from three senior investment managers.

More

The Fed reacts to coronavirus economic risks

The Fed reacts to coronavirus economic risks

The Fed made a proactive move to reduce the federal funds rate by 50 basis points.

More

The impact of coronavirus on markets

The impact of coronavirus on markets

The spread of coronavirus infections is having an impact on China’s GDP and on financial market sentiment worldwide.

More

The SECURE Act opens a new frontier for 401(k)s

The SECURE Act opens a new frontier for 401(k)s

The SECURE Act represents significant changes to retirement savings and could drive a expansion of workplace retirement savings plans including 401(k)s.

More

Solutions to antibiotic resistance

Solutions to antibiotic resistance

As the focus on natural ingredients intensifies, so has concern about antibiotic use in food production.

More

SECURE Act expands access to retirement plans

SECURE Act expands access to retirement plans

The SECURE Act of 2019 makes many changes to rules governing retirement savings including provisions to expand access to retirement plans.

More

Millennial money drives 401(k) plan evolution

Millennial money drives 401(k) plan evolution

Growing in number, the Millennial generation is having an impact on the evolution of 401(k) plan design.

More

Why stable value funds deserve a closer look

Why stable value funds deserve a closer look

Capital preservation strategies are not all alike, and plan sponsors need to carefully evaluate the options including money. market and stable value funds.

More

Linking impact and performance

Linking impact and performance

Often, the same elements that create environmental and social benefits are driving positive financial performance.

More

Engaging with allies to advance sustainable investing

Engaging with allies to advance sustainable investing

We collaborate with institutions to examine and understand the financial impacts of sustainability.

More

To reduce employee stress, increase wellness

To reduce employee stress, increase wellness

By offering financial wellness programs in the workplace, employers may help employees reduce money-related stress.

More

Talking sustainability with CEOs

Talking sustainability with CEOs

We have ongoing dialogue with the management teams of companies in which we invest, across a wide range of sustainability-related topics.

More

Bigger tax refunds may help boost retirement savings

Bigger tax refunds may help boost retirement savings

Projections of larger tax refunds this year could mean an increase in contributions to retirement savings.

More

How company diversity can help performance

How company diversity can help performance

The potential to improve work performance is perhaps the most intriguing and least understood argument for diversity — and worth examining in more depth.

More

Use wellness to gain wealth

Use wellness to gain wealth

New research found that a worker who focuses on wellness may save nearly $100,000 more for retirement than someone who does not manage their health well.

More

October stock market volatility may signal a shift

October stock market volatility may signal a shift

Recent stock market volatility reflects a process of pricing in the fact that the global growth outlook has diverged.

More

Calibrate equity allocations with higher savings rates

Calibrate equity allocations with higher savings rates

Evidence of higher savings rates by plan participants make it reasonable to consider lower equity allocations across the glide path of target-date funds.

More

How to plan more rationally for longevity risk

How to plan more rationally for longevity risk

Longevity risk — the possibility outliving one's money in retirement — is a genuine risk, but data suggests that many people overestimate its likelihood.

More

Retirement savings receive attention on Capitol Hill

Retirement savings receive attention on Capitol Hill

A number of bills to reform retirement savings are alive in the U.S. Congress this year.

More

Back in black: Higher oil prices to persist

Back in black: Higher oil prices to persist

Fueling higher oil prices this year — and counter to market expectations — is a drop in oil inventories ...

More

Shaping the curve in glide path design

Shaping the curve in glide path design

In designing an optimal glide path for a target date fund, it is critical to focus on portfolio size, investor time horizon, and volatility.

More

Putting savers at the center of retirement plans

Putting savers at the center of retirement plans

In the past decade, investors have poured significant assets into target date funds, but savings in retirement vintages have been shrinking.

More

Key risks to consider in glide path design

Key risks to consider in glide path design

Sequence risk is the key risk that target-date investment managers need to address along the glide path.

More

Sustainable investing: Assessing the choices

Sustainable investing: Assessing the choices

Sustainable investing is growing in popularity, and investors should be thoughtful about choosing from a range of strategies and portfolios.

More

The views and opinions expressed are those of the speaker, are subject to change with market conditions, and are not meant as investment advice.