Perspectives

Show: All Anatomy of a Recession Equity Insights Infrastructure Insights Market Outlook Responsible Investing Video

Anatomy of a Recession Market Outlook

6 Apr 2023

The Long View: They're Here!

Bank failures in March marked the first lagged effect from the Fed’s aggressive tightening cycle. Broader risks may materialise later this year as tighter lending standards reduce credit availability, weighing on GDP growth.

Infrastructure Insights

21 Mar 2023

Testing Infrastructure's Resilience Amid Heightened Uncertainties

In both short-term and long-term scenarios, the effect of the changes in macro variables on infrastructure returns is positive in most cases.

Anatomy of a Recession Market Outlook

15 Mar 2023

AOR Update: Bank Crisis Recalibrates the Fed's Path

Irrespective of what the Fed ultimately decides, it seems probable that lending standards will tighten further meaning less access to credit for borrowers and a higher cost of capital, resulting in slower economic growth.

Anatomy of a Recession Market Outlook

7 Mar 2023

AOR Update: Soft Landing Head Fake or the Real McCoy?

We continue to believe a recession is more likely than a soft landing, given many of these data points are lagging or coincident in nature.

Responsible Investing

15 Feb 2023

ESG in the Political Spotlight

Hyperbolic rhetoric has caused public confusion about the merits of ESG investing and whether it is an appropriate consideration for fiduciaries, with exclusion of investment products that consider ESG analysis in some states reducing the options retirement plans are able to offer employees.

Equity Insights

10 Feb 2023

Risk is Not a Four-Letter Word

Risk is an essential component of the investment process that we must take on to accomplish our goal of delivering attractive long-term returns.

Anatomy of a Recession Market Outlook

3 Feb 2023

AOR Update: A Headwind, Not a Hurricane

While housing has been on the leading edge of the current downturn, the threat of higher interest rates will likely be muted relative to history.

Market Outlook Responsible Investing

19 Jan 2023

Global ESG Outlook: More Scrutiny on Sustainable Investments

Regulation, biodiversity and human and labor rights should remain a focus for sustainability-minded investors in 2023.

Anatomy of a Recession Market Outlook

11 Jan 2023

The Long View: The Most Anticipated Recession Ever

With a deep red signal emanating from the ClearBridge Recession Risk Dashboard and a Fed clearly willing to tolerate economic pain in order to restore price stability, we believe a recession is likely in 2023.

Equity Insights Market Outlook

16 Dec 2022

U.S. Equity Outlook: Patiently Waiting for a Durable Bottom

We see 2023 shaping up to be a tale of two halves. Heading into the new year, we continue to favour value stocks with defensive characteristics. However, as market participants become convinced the bear market is over, leadership should rotate toward small cap and more aggressive, higher risk stocks.

Anatomy of a Recession Equity Insights Market Outlook

16 Dec 2022

AOR U.S. Economic Outlook: Recession the Path of Least Resistance

The ClearBridge Recession Risk Dashboard has been flashing a red or recessionary signal for the past four months, consistent with our view that a recession is likely to occur in the U.S. in the next 12 months.

Infrastructure Insights Market Outlook Video

14 Dec 2022

2023 Infrastructure Outlook: Climate, Macro Drivers Create Tailwinds

Secular growth drivers for infrastructure should be on full display in 2023, as the dire need for infrastructure spending underpins growth for the next decade, and the first steps for meeting long-term climate and electrification goals are being taken now.