2021 Global Outlook
Ivy Investments believes the path forward requires a disciplined approach that combines resilience and a reliance on the fundamentals of active investing.
Market & Economic Insights
Analysis of global economic and market developments from Ivy’s leadership, economists and analysts to help you and your clients navigate the evolving investment landscape.
Diverging paths
Down but Not Out
While European economies remain challenged with COVID-19-induced lockdowns, we expect the outlook to markedly improve as the vaccination rollout continues.
Recovery on Track
The U.S. 10-year breakeven rate, the difference between the yield on the benchmark U.S. Treasury note and its inflation-protected counterpart, has recently touched levels not seen since 2014.
Will the Fed raise a key rate soon?
With short-term rates getting dangerously close to zero, and possibly negative, does the Fed need to step in to raise a key interest rate?
Is cash on the sidelines a bullish sign?
Money market fund assets grew by 32% from February to May in 2020 and sit at $4.3 trillion today. Is that a bullish sign for equities?
Savings on the rise, pent-up demand awaits
Accumulated savings for the period of February 2020 through November 2020 was up 153% from the same period in 2019.
Fiscal Support Rolls On
Personal consumption has nearly made a full recovery from the onset of the 2020 recession. Unprecedented fiscal stimulus is responsible.
This Trend is Your Friend
We believe pressure on the U.S. dollar may provide a boost for investors in foreign assets.
Waiting for the Opportunity to Spend
We believe spending patterns among income groups is telling a strong story for the back half of 2021.
Dark Before the Dawn
We believe the pandemic will continue to wreak havoc on parts of the economy through the first quarter of 2021. However, our above-consensus 2021 growth estimate may encourage risk taking in equity markets.
Winter is Coming
Estimates show brick-and-mortar retailers store traffic was down 48% on Black Friday versus last year, while online sales were up 22% year over year. What are category spending patterns telling us about consumers right now?
Inflation Anyone?
The United States has been in a deflationary trend for almost 50 years. That may be about to change.
Election 2020: Divided we stand?
Joe Biden's path to the White House was historic but didn't include the much hyped "blue wave." We offer insights on the impact of the 2020 election and how the Biden administration could push its agenda through a divided government.
Ivy Insights – Housing, Health Care and Utilities
The upcoming U.S. election and COVID-19 have impacted key industries and sectors differently. We discuss the challenges and opportunities in housing, health care and utilities.
Investment Update – Financials
A shift in consumer and business trends are impacting the financial sector in unique ways. What companies might benefit? Take a look.
Overview on key market moving issues
With earnings season underway, we offer our insights on key issues influencing the markets like the resurging global economy, the lingering effects of COVID-19 and the U.S. elections.
The trials and tribulations of vaccine development in a COVID-19 world
Ivy Large Cap Growth Fund Assistant Portfolio Manager Gage Krieger recently appeared on Asset TV to share Ivy’s outlook on the realities of developing a COVID-19 vaccine in the modern age.
Ivy’s 2020 Midyear Outlook on Asset TV
Global Economist Derek Hamilton recently appeared on Asset TV to share Ivy’s Midyear Outlook. Check out our assessment of what investors might expect for the second half of 2020, including the likelihood of continued stimulus from global policymakers and the possible wildcards in the upcoming election.
The Fed shifts on inflation – What does it mean?
The Fed unveiled a revision to its monetary policy, allowing for higher inflation to help support the labor market. We believe this action could keep interest rates low for years.
Market views heading into September
As summer winds down, we provide insights on key issues influencing the markets like lingering global COVID-19 cases, the Fed’s shift on inflation and the latest on the U.S. elections.