Global Markets

Global Market Outlook & Market Update- As Good as It Gets

At the height of this eight-year bull market, we are trying to reconcile the notion that the markets and the global economy may be “as good as it gets” with the potential that as a result of technological change and increased market volatility, “the best may be yet to come.” ...

2018 Comes Into Focus

The year is winding down, which means that we’re knee-deep in newly minted 2018 investment outlooks. All the usual caveats apply, of course, but there’s a generous helping of perspective too. As an example, here’s a select sampling from recent publications that caught our eye:“We think valu ...

2018 Global Market Outlook: Running with the Bulls

Will the global growth momentum of 2017 carry over into next year? Is there a risk of a pullback in the short term? See what our strategists' views on global investment markets and economies are for the year ahead. ...

Emerging Markets Outlook: Constructive

Improving domestic fundamentals, falling inflation and a favorable external environment have boosted flows into emerging markets. For more of our views on the outlook for emerging markets and around the world next year, see Putting Markets in Perspective. READ NOW ...

As Good as It Gets? Three Risks to Global Growth

PIMCO’s baseline economic forecast is for a continuation of synchronized world real GDP growth at a decent 3% pace in 2018 (the same as this year), low near-term recession risks, a moderate pickup in underlying inflation in the advanced economies, mildly supportive fiscal policies and an only gra ...

Emerging Markets Outlook: Constructive, But for Investors the Work Begins

While PIMCO’s cyclical outlook is cautious overall, our outlook for emerging markets ex-China (EM) is more constructive. We expect further improvement in the EM macro picture as most emerging economies are at a different stage of the economic cycle than developed economies and they are still bene ...

Emerging Markets Outlook: Constructive, But for Investors the Work Begins

While PIMCO’s cyclical outlook is cautious overall, our outlook for emerging markets ex China (EM) is more constructive. We expect further improvement in the EM macro picture as most emerging economies are at a different stage of the economic cycle than developed economies and they are still bene ...

2017 Global Market Outlook Q4 Update: Momentum vs. Asymmetry

The final installment of our 2017 global market outlook is here. See our strategists’ views on global investment markets and economies. ...

Halftime: Mid-year global market outlook

In the aftermath of a tumultuous 2016, much discussion has centred around the equity outlook for 2017 and beyond. In fact, the second quarter saw continued strong performance from global markets, though in our view, the long-term earnings outlook remains murky. As we enter the second half of the ye ...

2017 Global Market Outlook — Q3 update

We’re in a late-cycle, momentum-driven market, where valuation is at an extreme. Momentum can drive markets beyond fundamentals for an extended period. No investment process is going to pick the peak in the cycle, but we’d lean out as the risks increase. ...