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Visión de mercado

Central bank watcher: Liquidity preference
Central bank watcher: Liquidity preference
The key central banks have a preference for injecting liquidity rather than further interest rate cuts.
24-01-2020 | Visión
Fixed income outlook: Rising recession risk; unchanged strategy
Fixed income outlook: Rising recession risk; unchanged strategy
It seems a lot has changed in one quarter.
03-10-2019 | Perspectiva trimestral
What the inverted yield curve may mean for the cycle
What the inverted yield curve may mean for the cycle
Yield curves are one of many tools for forecasting turns in the cycle.
06-09-2019 | Visión
Sometimes data revisions matter
Sometimes data revisions matter
Sometimes data revisions really matter – this is one of those times.
05-08-2019 | Visión
El subidón de azúcar provocado por la Fed
El subidón de azúcar provocado por la Fed
Cuando la Fed comienza a reducir los tipos de interés, suele ser más interesante tener posiciones a largo en bonos del Tesoro a dos años que en crédito, según el corresponsable del equipo de Macroeconomía Global, Jamie Stuttard.
05-07-2019 | Perspectiva mensual
Easing does it
Easing does it
Market expectations for central bank policy rates have come down substantially, following continued weakness in global economic conditions and the rift in the trade talks between the US and China.
10-06-2019 | Visión
China and the Fed are partners for now
China and the Fed are partners for now
The data will remain bumpy and markets vulnerable.
30-04-2019 | Visión
The undercover MMT practitioner
The undercover MMT practitioner
Rarely does an economic theory get so much attention in the media.
05-04-2019 | Columna
Los valores emergentes podrían resurgir en 2019
Los valores emergentes podrían resurgir en 2019
Varios factores podrían favorecer a la renta variable de mercados emergentes este año, según el gestor Jeroen Blokland.
10-01-2019 | Perspectiva mensual
Los mercados se quedan sin viento en las velas
Los mercados se quedan sin viento en las velas
Los mercados bursátiles se han adentrado en aguas turbulentas en los últimos meses.
07-12-2018 | Perspectiva mensual
The return of Term Premium
The return of Term Premium
Despite all the focus on the inflation outlook and ongoing Fed hikes, the recent sell-off in US Treasuries was actually driven to a large extent by a reawaking of the term premium.
19-11-2018 | Visión
Democrat poll win weakens Trump’s power
Democrat poll win weakens Trump’s power
A Democrat victory in US elections is positive for markets, though a return to fiscal discipline is unlikely, says Chief Economist Léon Cornelissen.
07-11-2018 | Visión
Fed on a steady hiking path, at least for now
Fed on a steady hiking path, at least for now
At its 26 September meeting the Fed hiked rates and signaled a continuation of its gradual tightening path.
27-09-2018 | Noticia
El misterio de la debilidad del dólar
El misterio de la debilidad del dólar
La sorprendente debilidad del dólar estadounidense sigue desconcertando a los mercados, según explica Lukas Daalder de Robeco.
10-04-2018 | Perspectiva mensual
Watch your Term Premium!
Watch your Term Premium!
It crops up as a topic of discussion every now and again: the ‘term premium’.
09-04-2018 | Visión
US trade war could extinguish overheating
US trade war could extinguish overheating
Tariffs could unwittingly act as an antidote to US economic overheating, says Chief Economist Léon Cornelissen.
28-03-2018 | Visión
El cóctel macroeconómico tóxico de Trump
El cóctel macroeconómico tóxico de Trump
Donald Trump se arriesga a prepararnos un cóctel macroeconómico muy tóxico al estimular, y a la vez ahogar, a una economía ya en expansión, según Lukas Daalder, de Robeco.
08-03-2018 | Perspectiva mensual
Perspectiva en credíto: la gestión del riesgo es clave
Perspectiva en credíto: la gestión del riesgo es clave
La economía mundial marcha muy bien y los beneficios empresariales se disparan, pero vosotros mantenéis la prudencia sobre los créditos.
23-01-2018 | Vídeo
Dejen de lloriquear sobre la curva de tipos estadounidense
Dejen de lloriquear sobre la curva de tipos estadounidense
Las alusiones a que la forma invertida de la curva de tipos estadounidense augura una recesión carece de todo sentido, según Lukas Daalder, inversor de Robeco.
09-01-2018 | Perspectiva mensual
‘New world’ bodes well for financial equities
‘New world’ bodes well for financial equities
Since the election of Trump as the next US president, investors are starting to notice the financial sector’s low valuations and are allocating more money to it.
19-01-2017 | Visión
Chart of 2017 #2: Bond madness!
Chart of 2017 #2: Bond madness!
For our second chart extraordinaire in a series of three, senior portfolio manager Jeroen Blokland picked this one entitled ‘Bond Madness!
10-01-2017 | Visión
America a melting pot of opportunity mixed with stalemate
America a melting pot of opportunity mixed with stalemate
America is a melting pot of opportunity mixed in with political stalemate that will give its new president a difficult path to steer, says Chief Economist Léon Cornelissen.
17-10-2016 | Visión
El ”helicopter money” se divisa en el horizonte
El ”helicopter money” se divisa en el horizonte
El ”helicopter money” comienza a aparecer en el radar de los bancos centrales a medida que se quedan sin munición para estimular las economías, según Lukas Daalder, de Robeco.
07-03-2016 | Visión
Are all low vol stocks really that sensitive to interest rate risk?
Are all low vol stocks really that sensitive to interest rate risk?
Investors are still awaiting the first rate hike by the Federal Reserve since June 2006.
11-11-2015 | Visión
Duration management is key to bond returns
Duration management is key to bond returns
Active management of bond duration can protect against any future rate rises while still generating returns if yields continue to fall, says Robeco’s Olaf Penninga.
31-03-2015 | Visión