CIO Archive

Americas CIO View

By: David Bianco

High S&P 500 free-cash-flow yield reflects weak capital expenditure, not attractive valuations

Early signs of stabilization

By: Johannes Müller

Downside risks to global growth have shrunk in recent months. But we do not see much potential for an upside surprise either.

Investment Traffic Lights

The year-end rally has already started. Everybody seems to be on board, and central banks continue to be happy to help.

Why you should keep an eye on NIPA

Chart of the week

CIO Commodity Commentary

By: Darwei Kung

A united OPEC and trade headlines

U.S. Economic Outlook

By: Christian Scherrmann

Recession risk judged to be moderate

Our forecasts

All forecasts at a glance

A good year lies ahead – and a weak decade

By: Stefan Kreuzkamp

The investment prospects for next year aren’t bad. But the next decade doesn’t look anything like the past one.

Consumers remain cheerful – for now

Chart of the week

Americas CIO View

By: David Bianco

Constructive outlook, but vigilant as economic slowdown continues

Not so fast

Chart of the week

Americas CIO View

By: David Bianco

Re-examine valuation and growth at new record high

Quarterly earnings aren't what's driving stocks

Chart of the week

European fiscal stimulus? Don't get your hopes up!

By: Martin Moryson

While German fiscal policy is fairly expansionary by its own standards, requests for more fiscal stimulus are mounting. Without a serious recession in sight we don't expect much more.

Americas CIO View

By: David Bianco

Macro and earnings no worse than feared, but is this rally justified?