Industry news and views from Panacea and our partners.
T. Rowe Price
T. Rowe Price: Key considerations for global equities beyond the U.S. election
Looking beyond the election, the outlook appears relatively bright. The U.S. economy is growing, inflation is under control, and consumer and business balance sheets are in good shape.
T. Rowe Price: Webinar: Navigating Market Shifts Between Euphoria and Despair
Join our Global Focused Growth Equity Team as they discuss the opportunities they are seeing in this volatile environment, what it means for the portfolio, and their outlook for the rest of the year.
T. Rowe Price: U.S. Election: What's at stake for M&A and antitrust policy?
Joe Biden’s stepped-up effort to curb anticompetitive mergers and business practices was a departure from the past 45-plus years.
T. Rowe Price: Inflation, Energy and Market Volatility - Perspectives on Global Equities
So I do think there are many parts of inflation that are sticky. And I think we can talk about why I think some of those things are sticky. But I really thought that Chinese growth would have made inflation a worse problem in the last year.
T. Rowe Price: Are we partying like it's 1999 again?
With the amazing artificial intelligence (AI) rally that has been leading markets this year, questions have surfaced about the strength and sustainability of this major move, particularly given the recent market rotation away from the sector. Our clients often ask me how the current AI boom compares with the earlier dotcom bubble (and subsequent bust). In this note I try to answer that question, which should be helpful in showcasing how we think about AI, taking into account a broad range of views and opinions from our portfolio managers and analysts.
T. Rowe Price: Three key themes to watch out for in emerging markets
What does the rest of 2024 have in store for emerging markets (EM)? It will be important to keep an eye on developed market economic growth and whether the slowdown turns into a recession that drags down EM and weighs on investor sentiment. For now, EM growth is fairly steady overall, while inflation has moved into the rear view mirror as a concern for investors.
T. Rowe Price: Inflation, Energy and Market Volatility - Perspectives on Global Equities
What’s in store for global equities? David Eiswert discusses interest rates, energy and market volatility
T. Rowe Price: Why U.S. trade policy matters this election both domestically and abroad
U.S. trade policy takes center stage this election. Host Ritu Vohora is joined by Washington Associate Analyst Gil Fortgang and Chief Emerging Markets Macro Strategist Chris Kushlis to discuss the key issues at stake and the economic implications.
T. Rowe Price: AI and fixed income: Booming demand for data center ABS and CMBS
Artificial intelligence advances have boosted data center demand, leading to a boom in issuance of asset-backed and commercial mortgage-backed bonds backed by centers.
T. Rowe Price: How AI’s impact is reaching into areas that might surprise you
Many people are familiar with the potential of artificial intelligence (AI) to enhance productivity across a range of industries and sectors. Although the secondary impacts of the rise of AI are sometimes less understood, they have significant implications. One is the need to service the growing AI infrastructure and meet the energy demands it’s generating. This in turn has significant implications for the credit quality of corporate bonds issued by companies that supply this energy and infrastructure.
T. Rowe Price: How healthy is the U.S. labor market?
The U.S. Federal Reserve now appears almost certain to begin a rate?cutting cycle in September. Not surprisingly, global stock markets have responded positively to this news. However, investors should understand that rate?cutting cycles are not all the same.
T. Rowe Price: 2024 U.S. Election: Why the next POTUS needs to focus on fiscal policy
Join host Ritu Vohora and Chief U.S. Economist Blerina Uruçi on “The Angle” to explore U.S. fiscal policy, candidate taxation priorities, and why the U.S. is such a unique economy.
T. Rowe Price: Ahead of the Curve: The San Andreas fault of finance shakes the markets
Thin summer liquidity conditions coupled with crowded leveraged positions across the market set the kindling for a potential market shock. And so in early August, all it took was a spark to ignite an extraordinary volatility shock. The Bank of Japan’s (BoJ) move to tighten monetary policy provided that catalyst.
T. Rowe Price: The power of additionality: Blue bonds could boost sustainability
Issuance of sustainable debt has exploded over the past 10 years as many investors seek to allocate capital to sustainability efforts while pursuing investment returns. But the amount of annual investment required to achieve the United Nations Sustainable Development Goals (UN SDGs) continues to grow, while the time available to achieve them diminishes. The United Nations estimated in 2023 that an additional USD 4 trillion was needed reach its goals. This funding gap is especially acute in emerging markets countries.
T. Rowe Price: How euro corporate bonds offer stability in volatile markets
The balance of stability and income potential supports the case for the asset class
T. Rowe Price: US election and trade policy: What investors need to know
Deglobalization, support for U.S. industry, and competition with China—these touchstones are likely to inform trade policy no matter who wins the election.
T. Rowe Price: Is now the time to consider an allocation to government bonds?
Fixed income has navigated a precarious two years, as policymakers and investors contended with multi-decade high inflation following the global economy’s emergence from a pandemic as well as war in Europe. Whilst the transition from a period of record low interest rates to more “normal” levels has been a turbulent one, investors now find themselves presented with potentially attractive and reliable income levels for the first time in over a decade. As of June 2024, the 10-year U.S. Treasury bond yield traded in the mid-4% range, whilst you can expect to pick up just shy of 5% within shorter segments of the U.S. Treasury curve. Similarly, the Euro Agg Treasury Index is yielding over 3%, the same level as 2011 and in stark contrast to the -0.3% investors endured during the pandemic.
T. Rowe Price: South Korea value-up: Lessons from Japan
South Korea recently unveiled a “Corporate Value-Up Program” to boost domestic stock valuations, modeled after similar reforms in Japan.
T. Rowe Price: How do US elections affect stock market performance?
The U.S. presidential election cycle is ramping up. So is media coverage and a barrage of political advertising. The contest—and its implications—looms large in the minds of investors both in the U.S. and abroad.
T. Rowe Price: Meet the Manager - Justin White
Justin White brings well over a decade of investing experience to leading T. Rowe Price’s US All-Cap Opportunities Equity Strategy. How did he first get interested in investing? And with a broad mandate for his strategy, how has he trained his worldview to help identify relevant information?
T. Rowe Price: Why US fiscal policy will matter even more after the election
The expiration of the 2017 Tax Cuts and Jobs Act at the end of 2025 means that the next president will face a significant fiscal cliff.
T. Rowe Price: Policy matters: US election could impact renewables and electric vehicles
Harris and Trump have divergent priorities for energy and transportation policy. The biggest potential impacts are in power generation and electric vehicles (EVs).
T. Rowe Price: Assessing the potential impacts on US health care in an election year
While health care historically has been one of the hottest political potatoes in the lead?up to a U.S. presidential election, discussions this campaign have been more subdued.
T. Rowe Price: Why balance is important amid equity market volatility
A more challenging period seems likely for equity markets. Geopolitics, sticky inflation, and potentially peaking earnings growth are likely to generate some volatility.
T. Rowe Price: Ahead of the Curve “Shadow banking system” creates a trickier path for the Fed
During our fixed income policy week discussions, participants examine dozens of charts that our portfolio managers, analysts, and economists present on an array of market topics.
T. Rowe Price: Active investing is suited to the uncertain markets ahead
Decades of growth in passive investing reached a milestone at the end of 2023 when U.S. passive mutual funds and exchange-traded funds (ETFs) held slightly more assets than active funds for the first time.
T. Rowe Price: Artificial intelligence, health care, and energy transition: Three areas of focus for impact
Artificial intelligence (AI), health care, and the energy transition are key areas of focus for financial markets and impact investors. AI has been a significant talking point and market driver and a defining theme for investor returns given the narrowness of equity markets.
T. Rowe Price: Are GLP-1s the next industry disruptor?
Some are predicting that GLP-1s could pose a disruptive threat to the medtech industry, as demand for medical devices and surgical procedure.
T. Rowe Price: Preparation, dedication and adaptability
What do fixed income and sport have in common? The answer is ‘more than you’d expect.’ Both share a common pursuit of high performance, dedication, extensive research, and consistent practice to achieve their goals. Just as athletes undergo rigorous training and work with their coaches to optimize performance - fundamental research, disciplined risk management and collaboration are the core of fixed income investing at T. Rowe Price. The Bond Games highlights the surprising similarities between fixed income and sport.
T. Rowe Price: How the US election could impact the financials sector
Next president will determine whether financial regulators will mount up or stand down