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HighMark's Views and Publications
HighMark's views on investing and global markets are summarized in our research papers and quarterly Economic and Market Perspectives reports, which also include the portfolio recommendations of our Asset Allocation Committee.
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ECONOMIC AND MARKET PERSPECTIVES
Q3 2016 Economic and Market Perspectives
The relative calm of second quarter markets was shattered in late June when British voters elected to secede from the European Union (EU). The wave of uncertainty about the implications sent investors to safe haven assets like U.S. Treasuries and gold. Although shaken, global equity markets began to recover quickly after an initial sell-off, a complete assessment of the impact could take years. In this issue of Economic and Market Perspectives, we take a closer look at the potential impact of the Brexit vote, share our views on current economic trends, and provide our outlook for the equity and fixed income markets. READ MORE
Q2 2016 Economic and Market Perspectives
Financial markets kicked off the second quarter with an increased level of anxiety. With the ongoing impacts of declining oil prices and central bank actions, compounded by the current presidential election, this uncertainty is understandable. However, we believe there is no immediate cause for concern. We anticipate energy prices will remain volatile, but continue to believe price declines are more supply- than demand-driven and that the market will find its balance. Similarly, while global central bank monetary policies may encourage investment in riskier assets, we believe that markets will return to their senses and fundamentals will win out. READ MORE
Q1 2016 Economic and Market Perspectives
To the surprise of few, the Federal Open Market Committee’s (FOMC) last meeting of 2015 resulted in a Fed Funds rate hike from the 0%–0.25% range to 0.25%–0.50%. Equity and bond markets reacted with a collective yawn. Capital markets and the Federal Reserve (Fed) finally agreed it was time.
Yet, even with added clarity on an important factor like U.S. monetary policy, the future is far from certain. The U.S. economy is entering uncharted, and potentially stormy, waters after seven years of "emergency" monetary policy and nearly a dozen years since the beginning of the last cycle of rate tightening. Today’s economic environment is different from prior tightening episodes as a slowly strengthening domestic economy confronts growth challenges faced by key trade partners. READ MORE