Global insights from RBC
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The fine, frustrating U.S. equity rally
AnalysisThe U.S. stock market rally continues to outdo itself. But several factors make for a more nuanced narrative. We assess the backdrop framing the rally and how to position equity portfolios.
Read moreRedder: Updating our recession scorecard
AnalysisMidway through 2024, changes in our U.S. Recession Scorecard signal rising economic risks for equity investors in the second half of the year.
Read moreLongevity: How science is extending lifespans
AnalysisAmid an innovation revolution in biotech that stands to not only transform our lives but also impact investment portfolios, what should investors be looking for?
Read moreA return to yield curve normalcy?
AnalysisThe ongoing yield curve inversion appears out of line with record equity markets and robust commodity pricing. We look at some reasons investors are accepting lower yields on longer-maturity bonds.
Read moreState of economic play
AnalysisMore-demanding valuations appear to signal investors have become more confident of a “soft landing” outcome. We provide an update on the macro environment and its implications for portfolios.
Read moreLongevity: Cracking the ageing code
AnalysisScience is developing ways to slow, stall, and possibly even reverse ageing. We explore the most promising advances and the link between scientific breakthroughs and intriguing investments.
Read moreBoC-Fed divergence: In it for the long haul?
AnalysisThe BoC lowered its policy rate, and we think it will continue to cut rates sooner and faster than the Fed. We discuss why fixed income investors outside the U.S. should consider U.S. exposure where rates are likely to remain higher for longer.
Read moreLongevity: How science is extending healthspans
AnalysisAmid an innovation revolution in biotech that stands to not only transform our lives but also impact investment portfolios, what should investors be looking for?
Read moreGold: More than meets the eye
AnalysisIn a conversation with RBC Capital Markets, LLC Commodity Strategist Christopher Louney, we look at aspects driving the gold rally and explain how world events and policy shifts could impact its prospects.
Read moreThe Fed adjusts its focus, but the rate outlook remains blurry
AnalysisThe Fed keeps playing down upside risks to inflation, but did it just start playing up downside risks to labour markets? Ahead of key jobs data, how sensitive might the Fed be to any labour market weakness?
Read moreEnergy stocks: A hedge to rising geopolitical risk
AnalysisOil’s rally is fueling an intriguing opportunity. We contend the global oil sector is benefiting from improved fundamentals and exposure in equity portfolios can act as an offset to geopolitical risk.
Read moreDon’t fight (or fear) the Fed
AnalysisThe U.S. central bank is an incredibly powerful institution that can exert influence on essentially any U.S. dollar-denominated asset. However, we believe the Fed is also widely misunderstood.
Read more2024 earnings: The likely convergence of the “haves and have nots”
AnalysisAs all eyes focus on Q1 earnings results, we think the full-year earnings growth trajectory is more important. Growth rates for the Magnificent 7 and non-Mag 7 stocks are expected to converge, but some earnings risks remain.
Read moreThe metamorphosis of European equities
AnalysisNo longer wan and listless, we think European equities are emerging from their chrysalis with newfound potential. We look at how the investment story is transforming and why investors should take a fresh look at the asset class.
Read moreHigh expectations for the U.S. equity market
AnalysisMost major equity markets have moved to new high ground, propelled by expectations for interest rate cuts. But we are not out of the woods yet.
Read moreThe importance of focusing on time horizon
AnalysisToo often, we find investors focusing on what the press puts before them instead of concentrating on issues relevant to their goals. We explain why investment time horizon should be a key focus of portfolio thinking.
Read moreCentral banks are off to the races
AnalysisWhile the Fed’s meeting didn’t deliver much that was new, it at least eased concerns that rate cuts could be delayed. Other central banks grabbed the spotlight, with potentially significant ramifications.
Read moreIs the U.S. equity market getting bubbly again?
AnalysisA growing chorus on Wall Street is warning an AI-led bubble may be forming. While a near-term pullback can’t be ruled out, we argue this is not Tech Bubble 2.0.
Read moreKey things to know about U.S. elections
AnalysisAs presidential elections have become more contentious, perceptions have risen that the stock market’s fate can hang in the balance depending on who wins. There are four principles investors should keep in mind.
Read moreA worldwide wave of elections
Analysis2024 marks a case of rare planetary alignment, with close to half the world’s population heading to the polls. While the brightest spotlight will fall on the U.S. election, we focus on elections beyond the U.S. and why they matter to investors.
Read moreShaking up corporate Japan
AnalysisThe Nikkei 225 recently climbed past its all-time closing high. We explore the factors behind investors’ enthusiasm and explain why a disappointing macroeconomic backdrop is not seen as an obstacle.
Read moreAn evolving investment landscape
AnalysisWe survey the macro factors shaping the global economy, and their implications for portfolio positioning as 2024 unfolds.
Read morePositioning for inflation shocks
AnalysisGeopolitical tensions and policy uncertainty are driving inflation risks. We look at the potential role of fixed income in portfolio positioning.
Read moreThe death of (traditional) value
AnalysisWe think investors willing to expand their traditional investment toolset to incorporate extra-financial factors stand to reap superior returns over time.
Read moreGrowth stocks regained investors’ love in 2023
AnalysisAfter growth stocks brought heartbreak in 2022, the growth style of investing was at the top of the leaderboard in 2023. Can the rebound continue?
Read moreAre banks facing a real estate reckoning?
AnalysisDespite the hard realities of mounting losses on real estate loans, we think a fair dose of hyperbole is going around. We dissect the problem before arguing the overall U.S. banking system is healthy and able to weather any volatility ahead.
Read moreWhen a Fed push results in a market shove
AnalysisFed Chair Jerome Powell tried to push back on near-term rate cut expectations, but markets shoved right back. Pricing suggests markets are concerned that if the Fed waits too long to cut rates policymakers will only have to cut them more.
Read moreGlobal Insight 2024 Outlook: United Kingdom
AnalysisStagflation risks and a likely general election suggest a volatile environment in 2024.
Read moreVideo: The de-dollarisation dilemma
AnalysisAs trade and geopolitical tensions persist and global trade becomes more fragmented, will the U.S. dollar continue to be the global reserve currency of choice?
Read moreMission critical: Securing supply of critical minerals
AnalysisCritical minerals are the building blocks of most modern technologies. We explore the drive for resilient supply chains and weigh the portfolio implications.
Read moreWorlds apart: Risks and opportunities as deglobalisation looms
AnalysisWith trade relations more fragmented and the potential for a great power rivalry between the U.S. and China, investors need to be ready for a new paradigm.
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