Disclaimer: Views in this blog do not promote, and are not directly connected to any Legal & General Investment Management (LGIM) product or service. Views are from a range of LGIM investment professionals and do not necessarily reflect the views of LGIM. For investment professionals only.

Markets and economics

Economics

UK Budget: spend now, pay later

The Chancellor has delivered more fiscal stimulus, which should sustain the economy through the re-opening, but the ultimate path back to discipline may rely more on tax increases than spending cuts.  
By Hetal Mehta

Equities

Tech’s appeal: five little-discussed reasons to like tech stocks

The long-term structural bull case for the technology sector and the relative strength of several tech firms during the recession are well established. But we believe the present crisis has also created additional macro tailwinds for tech stocks.  ;
By Lars Kreckel

Economics

Escaping lockdown: revisiting the economic scenarios

A lot has changed in the month since we set out our thoughts on what comes next for the global economy. The range of outcomes has narrowed a little, but there remains huge uncertainty about the virus, the speed of recovery, the lasting damage to output, and inflation implications.  ;
By Tim Drayson

Economics

Yield indictment: three perspectives on last week’s bond action

The Asset Allocation team tackles challenges collaboratively, starting with our economists’ analysis, followed by our strategists’ interpretation, and finally the portfolio managers’ view. In this blog, we look at recent movements in bond yields.;
By Christopher Teschmacher

Economics

Inflation: money and the new supply-side economics

It’s not an imminent concern, but eventually central banks may be surprised by how much they have to do to control inflation.  ;
By Alex Mack

Equities

Simply the best…

Companies with a sustainable competitive advantage in a growing market, which generate free cash flow to invest in further growth? They’re worth singing about.  ;
By Gavin Launder

Economics

US economic expansion: resumed or reset?

The pandemic has helped reset the US economic cycle, but perhaps not as completely as expected. Here, we examine our recession indicators to see how quickly the cycle is progressing.  ;
By Tim Drayson

Fixed income

Where did all the yield go?

High-yield bonds can still have a role to play in investors’ search for income.  
By Martin Reeves

Economics

The Bank of England and negative rates: will it all end in tiers?

Not the tiers we’ve all endured with lockdown, but rather the ones central banks like to use to help offset any unwelcome adverse effects on the banking sector from negative rates.  
By Hetal Mehta

Equities

GameStop: easy peasy, short squeezy

What should investors make of the GameStop saga?  ;
By Aristide Goualin

Fixed income

An early black swan for black gold?

What recent shifts in the energy sector may mean for credit investors.  ;
By Court Gilbert

Fixed income

PEPP Talk

While the short-term benefits of the pandemic emergency purchase programme (PEPP) are obvious, we question its longer-term implications.  ;
By Firat Bayraktar

Economics

Too hot to handle?

Amid the current COVID-19 gloom, conditions are building for recovery. But is it possible that policymakers end up stoking growth too much?  ;
By Tim Drayson

Economics

Taper tantrum II

I discuss when the Fed might begin tapering on CNBC.  ;
By Tim Drayson

Equities

Earning sensation: what should we read into strong early results?

The early signs are that this will be a strong earnings season. I have two questions about what this could mean for investors.  ;
By Lars Kreckel

Equities

Bubbles are rare, especially just out of a recession

With some market watchers ready to call an equity bubble, I look at what my own indicators are saying.  ;
By Emiel van den Heiligenberg

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