Past presidential turmoil didn’t keep stocks down for long

Past presidential turmoil didn’t keep stocks down for long

On Dec. 18, 2019, President Donald Trump was impeached by the House of Representatives on two counts, becoming the third US president to be impeached in the history of the United States. For context into the impact that past presidential scandals have had on the stock market, we point you back to our thoughts first […]

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The Fed is well-equipped to handle year-end repo volatility

The Fed is well-equipped to handle year-end repo volatility

Invesco Fixed Income believes the Federal Reserve (Fed) will add sufficient liquidity to the banking system to alleviate rate pressure in the funding/repo markets that typically arises at year-end, and avoid  the severe volatility experienced in September. In the press conference that followed the Fed’s December meeting, Chairman Jerome Powell was clear that the Fed will […]

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Ride hailing in emerging markets is more than transport

Ride hailing in emerging markets is more than transport

When Apple introduced the iPhone in 2007, only the most prescient of market observers would have prophesied that the smartphone would lead to a coming upheaval of urban transport. Just over a decade later, ride-hailing platforms rank as the most significant of the many revolutions the smartphone has wrought. In 2017, some 16 billion rides […]

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SteelPath December MLP update and news

SteelPath December MLP update and news

The master limited partnership (MLP) sector saw a series of events take place in November, including the conclusion of third quarter earnings season and yet another MLP simplification eliminating incentive distribution rights. And while midstream equities underperformed energy equities and the broader markets in recent months, the story has been different in the bond market, […]

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US infrastructure spending may lead to compelling investment opportunities

US infrastructure spending may lead to compelling investment opportunities

There can be no doubt that there is a great need for increased US infrastructure spending: the American Society of Civil Engineers rated US infrastructure as a D+,1 a Federal Highway Administration Survey estimated roughly 20% of roads are in poor condition,2 and over half of schools need repair, renovation, or modernization according to the […]

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Tactical Asset Allocation Views – November Update

Tactical Asset Allocation Views – November Update

In our most recent blog, we described a global macro backdrop characterized by two major forces; slowing global growth and an improving risk appetite driven by global monetary policy easing. We entered the fourth quarter of 2019 with a moderately defensive asset allocation position while waiting for evidence of a more significant upturn in market […]

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With liquefied natural gas, it’s time to bury old myths and embrace the new reality

With liquefied natural gas, it’s time to bury old myths and embrace the new reality

Commodities are rarely associated with explosive consumption growth. While the rise of China challenged this notion, the best days of the super-cycle in materials are clearly behind us. For example, over the past three years the world’s consumption of copper rose just 0.6% per annum, and it is unlikely to expand much beyond this rate. […]

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