Menu



  • Amidst a "wall of worry," including peak growth, the end of U.S. exceptionalism, first quarter ’21 earnings, infrastructure spending and taxes, COVID case counts surging in India and Fed policy concerns, Natixis held fast in its May model positioning.
  • The economy may be at peak momentum; however, this is not the same as peak growth. Even with lower growth momentum, the absolute level of growth is certainly well above trend. Even with softening momentum in the United States, the US will most likely continue to trend at a higher rate than its developed market peers.
  • The Fed remained steadfast that inflation will prove transitory in the near-term, and it will not be a longer-term issue. We continue to stress that while the Fed carries a dual mandate of price stability and full employment, all indications point to the idea that full employment is taking precedence over price stability.
CFA® and Chartered Financial Analyst® are registered trademarks owned by the CFA Institute.

This material is provided for informational purposes only and should not be construed as investment advice.

The views and opinions expressed are as of May 2021 and may change based on market and other conditions. Unless otherwise noted, the opinions of the speakers provided are not necessarily those of Natixis Investment Managers or any of its affiliates.

There can be no assurance that developments will transpire as forecasted. Actual results may vary.

Performance data discussed represents past performance and is no guarantee of, and not necessarily indicative of, future results.

Provided by Natixis Distribution, L.P., 888 Boylston St., Boston, MA 02199. Natixis Investment Managers includes all of the investment management and distribution entities affiliated with Natixis Distribution, L.P. and Natixis Investment Managers S.A.

3631806.1.1


Related Articles

Watch
Seeyond Volatility Update

Simon Aninat, Volatility expert at Seeyond, provides an update on the volatility environment as of the end of the first half of 2021.

Thematics AM Launches its First Report on Climate Strategy and Performance

As an asset management organisation with a pure thematic focus on the global listed equity markets, Thematics AM is committed to supporting efforts to mitigate against the effects of climate change.

  • July 20, 2021
Natixis Strategist Midyear Outlook

Experts in the Natixis Investment Managers family say the biggest risk facing investors in the second half of 2021 may be no risk at all.

Expansion Phase Continues: Investment Outlook July 2021

Economic growth appears favorable for credit and equity markets in 2021, says Loomis, Sayles & Company’s Senior Macro Strategies Analyst Craig Burelle.

  • July 16, 2021