Beyond Bulls & Bears

Social Security Giveth and Medicare Taketh Away
Education

Social Security Giveth and Medicare Taketh Away

Retirees got some good news from the US Social Security Administration, as it recently announced a 2.8% bump in benefits in 2019, the largest increase in seven years. Unfortunately, the good news also came with some bad news—higher Medicare premiums that could offset those gains. Gail Buckner, CFP, our personal retirement and financial planning strategist, takes a look at the situation.

Global Economic Perspective: October
Fixed Income

Global Economic Perspective: October

In this month’s Global Economic Perspective, our Fixed Income Group discusses whether optimism about the US economy is justified, and whether Italy’s budget talks could lead to looser fiscal policy elsewhere in the eurozone.

Hasenstab: Focus on Fundamentals in US, Emerging Markets
Fixed Income

Hasenstab: Focus on Fundamentals in US, Emerging Markets

“If you have a three-month time horizon, EM investing is very difficult. If you have a couple-year horizon, you can exploit these panic sell-offs that are not fundamental in nature.” - Michael Hasenstab

A View from Canada on the New USMCA
Multi-Asset

A View from Canada on the New USMCA

“In our view, the new North American trade deal is neither especially good nor bad for Canada and Mexico. But the fact that it clears away some of the uncertainties is positive, in our eyes. This new deal may support capital expenditure and remove a headwind from future growth.” – Stephen Lingard, Franklin Templeton Multi-Asset Solutions

Innovation Stretches Beyond Labels
Equity

Innovation Stretches Beyond Labels

“We broadly agree with the GICS reclassification and believe the new sector homes for many stocks will better reflect their core business lines. However, we might suggest the GICS reform doesn’t go far enough. As long-term investors, we classify companies according to their ‘end-market,’ or the need that is being met.” – Matthew Moberg, Franklin Equity Group

Fed Full Steam Ahead
Fixed Income

Fed Full Steam Ahead

The US Federal Reserve (Fed) raised its benchmark short-term interest rate for the third time this year, which was no surprise to most market participants. Chris Molumphy, chief investment officer, Franklin Templeton Fixed Income Group, offers his take on the Fed’s “normalization” path in light of what he sees as an overall positive US economic backdrop.

As Public Attitudes Toward the Environment Change, So Should the Investment Approach
Fixed Income

As Public Attitudes Toward the Environment Change, So Should the Investment Approach

“After attending this year’s Principles for Responsible Investment Conference (PRI) in San Francisco, our takeaway message is clear: Investors and investment managers have to be proactive in addressing changing public attitudes toward the environment.” -David Zahn

New Innovation Spurring a Biotech Rejuvenation
Equity

New Innovation Spurring a Biotech Rejuvenation

“We’ve seen medical advancements and breakthroughs in drugs and health care technology reach unprecedented levels in recent years. We foresee this potentially long cycle of innovation persisting.” – Evan McCulloch, Franklin Equity Group

Moving Up in Credit Quality for Better Durability
Fixed Income

Moving Up in Credit Quality for Better Durability

Some investment-grade bonds are riskier than their ratings imply, while high-yield bonds have seen some positive tailwinds. Meanwhile, a large number of bank loan agreements now favor borrow¬ers over lenders. Franklin Templeton Fixed Income Group’s Glenn Voyles, Marc Kremer, Matt Fey, Brian French and Reema Agarwal take a look at these areas of credit landscape today.

Global Investment Outlook: How Much Further Can Global Growth Fly?
Perspectives

Global Investment Outlook: How Much Further Can Global Growth Fly?

Templeton Global Macro CIO Michael Hasenstab, Franklin Templeton Fixed Income Group CIO Chris Molumphy and Franklin Templeton's Head of Equities Stephen Dover weigh in on whether synchronized global growth can continue, why worries about trade wars may be overblown and why opportunities for investors may be more idiosyncratic or divergent moving forward.

Then and Now: Mortgage-Backed Securities Post-Financial Crisis
Fixed Income

Then and Now: Mortgage-Backed Securities Post-Financial Crisis

“As the Fed stops buying, we expect that will leave a greater supply of mortgage-backed securities (MBS) for the market to absorb. Now, the question is, who’s going to be the marginal buyer of MBS?” – Paul Varunok, Franklin Templeton Fixed Income Group