U.S. Economic Outlook 2025: Will U.S. Exceptionalism Continue?
Jeff Schulze and Josh Jamner, authors of ClearBridge's AOR program, explain why they believe pro-business election results, easing monetary policy and stable outlooks for inflation and earnings should enable the current economic expansion and equity bull market to continue in 2025. They also delve into how policy decisions by the incoming Trump administration could impact specific sectors.
3 December 2024 | U.S. Economic Outlook 2025: Will U.S. Exceptionalism Continue?
Jeff Schulze and Josh Jamner, authors of ClearBridge's Anatomy of a Recession program, explain why they believe pro-business election results, easing monetary policy and stable outlooks for inflation and earnings should enable the current economic expansion and equity bull market to continue in 2025. They also delve into how policy decisions by the incoming Trump administration could impact specific sectors.
Learn More: 2025 U.S. Economic Written Outlook
5 September 2024 | AOR Update: Speaking of the Election
With the U.S. presidential election approaching, Jeff Schulze offers his thoughts on the four potential election outcomes and their likely impact on government spending, tax changes, trade policy and the U.S. economy overall.
Learn More: The Election Effect: Understanding Market And Economic Impacts
15 July 2024 | Infrastructure 2024 Midyear Outlook
Join us for an insightful midyear update on the Infrastructure asset class from Portfolio Manager, Nick Langley and Regional Manager, NSW & ACT, Jenny Pang. In this episode, Jenny poses the most frequently asked questions from her clients, covering a wide range of topics that matter most to investors. From market performance and challenges to strategic adjustments and opportunities, Nick offers his expert insights and outlook for the remainder of the year.
19 June 2024 | Midyear Equity and Economic Outlook: What the Internals Are Telling Us
CIO, Scott Glasser and Head of Economic and Market Strategy, Jeff Schulze see the economy slowing but avoiding recession in the second half of 2024 into 2025. Meanwhile, the equity market remains healthy yet bears watching due to deterioration beyond the mega caps. They also explain how these conditions create compelling opportunities for active managers.
18 April 2024 | Infrastructure and Utilities Powering AI & Data Growth
Join Portfolio Manager, Shane Hurst, and Business Development Associate, Yan Teh, as they delve into the pivotal role of global listed infrastructure in powering the rapid expansion of artificial intelligence and data technologies. With thematic tailwinds like decarbonisation and AI-driven data growth, infrastructure stands poised to play a crucial role in facilitating this transformative journey. Explore how recent trends and opportunities are shaping the asset class and why now could be the opportune moment for investors to consider allocating to infrastructure.
2 June 2023 | Generative AI: Fact and Fiction
Generative AI has been one of the leading topics of discussion in the markets in recent months. In our latest podcast, Generative AI: Fact and Fiction, Analysts Hilary Frisch and Anuj Parikh join Head of Economic and Market Strategy, Jeff Schulze, to analyse the drivers of the generative AI boom, provide perspective on what AI means to the enablers and users of the technology and how rapid innovation could impact the broader economy.
8 December 2022 | 2023 Economic Outlook: Handicapping the Most Anticipated Recession Ever
In their annual macro debate, Jeff Schulze and Josh Jamner discuss the resilience of a slowing economy, focusing on whether 2023 will yield a long awaited recession or escape with a soft landing. They also analyze the potential timing of a Fed pivot and the implications of these various scenarios on equities.
5 July 2022 | Managing Infrastructure Portfolios Through Volatile Markets
Portfolio Manager Charles Hamieh joins Head of Infrastructure Business Development Matt Bushby to discuss the impacts of inflation, bond yields, cash rates and recession risks on infrastructure portfolios. They also deliberate the investment opportunities on both a macro and micro level and where they are finding value within the asset class.
13 May 2022 | Can the Fed Tame Inflation and Engineer a Soft Landing?
Portfolio Analyst Steve Rigo joins Investment Strategist Jeff Schulze to trace the spike in US inflation to over 8%, analyze how the Federal Reserve is seeking to tame price pressures and what signals would indicate success. They also discuss the medium-term outlook for US equities and where to invest in a period of sharply rising interest rates and higher US recession risks.
12 April 2022 | 2022 Stewardship Report: Mobilising Climate Capital
Robin Freeman hosts Ben Buckley and David Hochstim to discuss the role of financial companies in helping the world reach net-zero emissions. They offer highlights from the 2022 ClearBridge Stewardship Report, which gives a comprehensive view of the latest in ESG investing at ClearBridge, explain how they assess climate risks, discuss the value of carbon footprinting, and weigh company commitments to lowering carbon emissions.
21 March 2022: Portfolio Manager Shane Hurst and InvestorDaily's David Stratford discuss Australia’s journey to net zero, including how infrastructure and utility assets benefit from a move to net zero and where it sits globally in 2022. Shane also discusses how rising inflation – including climate inflation – has affected that journey and why the move to net zero is important for both investors and financial advisers.
8 March 2022: Portfolio Manager Charles Hamieh joins Head of Infrastructure Development, Matt Bushby to discuss the impact of rising bond yields on infrastructure valuations and what to expect from the asset class during a tightening cycle.
7 December 2021: Chief Investment Officer Scott Glasser joins the Anatomy of a Recession team of Jeff Schulze and Josh Jamner to discuss the impacts of surging inflation on the economy, the outlook for growth and value stocks in a changing monetary regime, what stock market breadth is signaling as well as key risks to the current bull market and economic recovery.
25 October 2021: In the latest podcast from the ClearBridge Infrastructure Team, Portfolio Manager Nick Langley discusses the team’s view on inflation and why real assets, and in particular infrastructure, are attractive for their inflation protection characteristics. Some key topics covered in the podcast include:
19 October 2021: Jeff Schulze is joined by Senior Energy Analyst Dimitry Dayen and Senior Consumer Staples Analyst Rob Buesing ahead of the 26th U.N. Conference of the Parties (COP26) on climate change to get a better understanding of how the fight against global warming is shaping markets and what role investors can play. They give an update on electric vehicle adoption, developing emission-saving technologies such as green hydrogen, the role of oil and gas companies in the energy transition, agriculture-related emissions, regenerative agriculture and plant-based foods from an investor perspective.
9 April 2021: Listen to Portfolio Manager Shane Hurst and Head of Infrastructure Business Development Matt Bushby, provide a quarterly update on the markets and the subsequent impacts on the infrastructure asset class. The top contributors and detractors of the Value Strategy are also discussed.
9 April 2021: Listen to Portfolio Manager Shane Hurst and Head of Infrastructure Business Development Matt Bushby, provide a quarterly update on the Income Strategy. Shane also provides a discussion on the broader market and the impacts on the infrastructure asset class.
4 April 2021: To complement the report, the latest ClearBridge podcast, The 2021 ClearBridge Impact Report: Getting to Know the SDGs, provides an introduction to the U.N. Sustainable Development Goals, with analysts Kimberly Gifford and Deepon Nag joining Jeff Schulze to explain what the SDGs mean for active fundamental research at ClearBridge.
12 March 2021: Listen to ClearBridge's latest Podcast where Portfolio Manager Shane Hurst and Head of Infrastructure Business Development Matt Bushby, discuss inflation expectations and the impact of inflation on the global listed infrastructure asset class.
24 February 2021: Shane Hurst, a Portfolio Manager on ClearBridge's Infrastructure strategies, and Senior Utilities Analyst Tatiana Eades join Investment Strategist Jeff Schulze to weigh in on recent electricity grid failures and how that could impact utility infrastructure spending. The discussion focuses on what role utilities will play in improving electricity grid resilience amid severe weather, the opportunities for the sector as it enables growth of renewable sources of energy, and the potential for an infrastructure bill under the Biden administration.
20 January 2021: In an excerpt from his first quarter 2021 Anatomy of a Recession presentation, Investment Strategist Jeff Schulze assesses the strength of the economic recovery and why he views recent weakness in the job market and retail sales as a soft patch rather than a sign of a double-dip recession.
18 December 2020: The Anatomy of a Recession team of Jeff Schulze and Josh Jamner takes the pulse of the economic recovery in the US as we head into the new year, analysing what the latest COVID-19 induced soft patch could mean for equities in the near term and why longer term optimism on the macro picture is warranted. Jeff and Josh also discuss how the ClearBridge Recovery Dashboard fared in its debut in an unprecedented year for markets and the economy.
1 October 2020: Listen to ClearBridge's latest Podcast where Portfolio Manager Shane Hurst discusses infrastructure spending coming out of the recession and the upcoming US election.
17 September 2020: Investment Magazine's Alex Proimos speaks with RARE's Co-Founder and Senior Portfolio Manager Nick Langley, on the evolution and breadth of the global infrastructure universe. This episode also discusses the various valuation issues facing investors as they factor in the sensitivity of interest rates, cash flow assumptions, regulatory and public policy changes, portfolio construction in line with the macroeconomic cycle and the ESG data issues prevalent to infrastructure investing.
1 June 2020: In RARE’s most recent Podcast, listen to Senior Portfolio Manager, Charles Hamieh and Head of Infrastructure Business Development, Matt Bushby, discuss the recent market rally, RARE’s current market outlook and the long-term sustainability of infrastructure assets.
4 May 2020: Listen to RARE’s Senior Portfolio Manager, Shane Hurst and Head of Global Distribution, Matt Bushby, discuss what's driving markets higher, the infrastructure sectors that have performed and those that lagged, and the positioning changes made to our portfolios. This podcast also covers our current market outlook and the long-term sustainability of infrastructure assets.
20 April 2020: Listen to RARE’s Co-Founder and Senior Portfolio Manager, Nick Langley and Head of Global Distribution, Matt Bushby, discuss RARE's view on what has driven markets higher and the ongoing economic impacts of global shutdowns.
6 April 2020: Enduring the COVID-19 impact with RARE’s Senior Portfolio Manager, Charles Hamieh and Head of Global Distribution, Matt Bushby.
30 March 2020: Listen to RARE’s Senior Portfolio Manager, Shane Hurst and Head of Global Distribution, Matt Bushby, discuss the evolving market conditions and what they mean for investing in infrastructure and valuations.
23 March 2020: The week ending 22 March 2020 saw shutdowns intensify in an attempt to slow the spread of COVID-19. Extraordinary monetary and fiscal stimulus plans were announced by governments and central banks across the world to offset economic disruptions. Today, Co-Founder and Senior Portfolio Manager at RARE Infrastructure, Nick Langley and Head of Global Distribution, Matt Bushby recorded a podcast to discuss the impacts of these announcements for investors.
16 March 2020: Since last week's update, there has been a rapid escalation of measures to combat COVID-19. Today, Senior Portfolio Manager at RARE Infrastructure, Charles Hamieh and Head of Global Distribution, Matt Bushby recorded a podcast to provide an update on market uncertainty and the economic effects of COVID-19, specifically as it relates to investing in global listed infrastructure.
10 March 2020: In response to the market uncertainty, Co-Founder and Senior Portfolio Manager at RARE Infrastructure, Nick Langley and Head of Global Distribution, Matt Bushby discuss the current volatile market conditions and what it means for investors in the following podcast.
10 March 2020: Listen to Co-Founder and Senior Portfolio Manager, Nick Langley and Head of Global Distribution, Matt Bushby, discuss the drop in oil prices and the impact on pipelines.
9 January 2020: Listen to RARE's Charles Hamieh and interviewer Peter White examine the similarities and differences between Listed and Unlisted Infrastructure.
22 February 2019: Hear RARE's Shane Hurst explain how RARE invests for income through the Income Strategy.
12 November 2018: Listen to RARE's Co-Founder and Senior Portfolio Manager Nick Langley, explain the concept of late cycle and why infrastructure is a good defensive strategy.
12 November 2018: RARE's Co-Founder and Senior Portfolio Nick Langley discusses the attractions of Global Listed infrastructure for long-term investors and why US utilities could be good for your portfolio.