Putnam Perspectives

Explore research driven analysis of evolving market themes.


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.

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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.

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Italy may be conduit for EM contagion

Italy may be conduit for EM contagion

If Italy's populist government increases government debt, prices of Italian bonds and banks could drop and trigger a larger crisis for the region and world.

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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 since ...

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Three risks or three myths

Three risks or three myths

Many of the risks dominating the financial headlines in 2018 are more myth than reality.

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China’s quest for artificial intelligence

China’s quest for artificial intelligence

China's hardware tech companies are embracing artificial intelligence, including self-driving cars and surveillance, as the government promotes AI hubs.

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The broader meaning of a better earnings harvest

The broader meaning of a better earnings harvest

We believe the earnings recession in 2015 and the first half of 2016 marked the beginning of a new earnings cycle.

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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.

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Interest-rate risk is elevated

Interest-rate risk is elevated

Gains in employment may herald greater rate risk, giving investors reason to consider income opportunities outside of traditional bond benchmarks.

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Are international stocks truly cheap?

Are international stocks truly cheap?

On the surface, U.S. stocks appear more expensive than international stocks, but a quantitative comparison reveals the impact of sector valuations.

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Why we feel recession talk is premature

Why we feel recession talk is premature

The yield curve and Leading Economic Indicators are two effective recession indicators that offer insights on potential opportunities and risks ahead.

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The value opportunity

The value opportunity

If earnings grow as expected, value stocks may have an edge over growth stocks in 2018.

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Munis feel knock-on effects of tax reform

Munis feel knock-on effects of tax reform

The municipal bond market will likely see a reduction in supply in 2018 because of certain provisions in the new tax reform law.

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Market sectors that might lead in 2018

Market sectors that might lead in 2018

Technology’s strength seems set to continue, but with the prospect of rising rates, financials may also be among the leading market sectors.

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Just how cheap are European equities?

Just how cheap are European equities?

Our analysis finds that industry group weightings play a significant role in valuation discrepancies between U.S. and European equities.

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What could disturb unprecedented calm in markets?

What could disturb unprecedented calm in markets?

What’s most remarkable about 2017 is the market calm, but this is not a sign that the trend will revert to the mean.

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Looking for impact in CEO compensation

Looking for impact in CEO compensation

It’s important for investors to be able to understand how a company’s performance relates to CEO compensation.

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Using and enhancing ESG investment data

Using and enhancing ESG investment data

ESG data is having investment impact but is still evolving, and stands to benefit from feedback offered by fundamental analysts.

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