Collaboration is part of the culture here at MFS and a key component of what drives our long-term approach to investing. Last week my colleagues Bill Adams and Kevin Beatty joined me to present our Market Insights webcast. At the beginning of 2015, Bill will be taking on the new role of Chief Investment Officer for Global Fixed Income and Kevin will become our first Chief Investment Officer for Global Equities.
During the webcast, we explored the economic, fixed income and equity trends that we think will drive the markets in the new year. Here are some highlights.
Insights / Blogs
Insights / Blogs
On The Lookout
James Swanson, Chief Investment Strategist, helps readers make sense of the markets by sharing what he learns along the way.
Showing posts with label liquidity. Show all posts
Showing posts with label liquidity. Show all posts
December 10, 2014
November 13, 2014
No fooling
Those who say the Fed has inflated an equity bubble are not telling the whole story.
I see five reasons why the stock market’s five-year rise may not be due to easy money alone.
Higher profitability and the US economy’s ability to move forward on its own are also important.
I often hear about the connection between the bond-buying actions of the US Federal Reserve and the rise in stock prices. Indeed, the two do appear to have moved higher in tandem. The S&P 500 Index is up almost 200% since 2009, while the Fed has added trillions to its balance sheet to provide the US economy with extra liquidity to fuel growth and create jobs.
I see five reasons why the stock market’s five-year rise may not be due to easy money alone.
Higher profitability and the US economy’s ability to move forward on its own are also important.
I often hear about the connection between the bond-buying actions of the US Federal Reserve and the rise in stock prices. Indeed, the two do appear to have moved higher in tandem. The S&P 500 Index is up almost 200% since 2009, while the Fed has added trillions to its balance sheet to provide the US economy with extra liquidity to fuel growth and create jobs.
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