October 2024
Global Market Pulse (USD)
Leveraging expertise from the MFS Market Insights team to provide timely perspectives on economic and market dynamics that are top of mind for clients.
October 2024
Global Market Pulse (USD)
Leveraging expertise from the MFS Market Insights team to provide timely perspectives on economic and market dynamics that are top of mind for clients.
Benoit Anne
Managing Director
Strategy and Insights Group
Jonathan Hubbard, CFA
Managing Director
Strategy and Insights Group
Brad Rutan, CFA
Managing Director
Strategy and Insights Group
KEY TAKEAWAYS
|
Economy & Markets
| US Labour
Slower hiring, not job losses, pushed unemployment up. |
MFS PERSPECTIVE
|
| US Profits
The US corporate sector remains a source of macro strength. |
MFS PERSPECTIVE
|
| Chinese Deflation
Chinese companies are slashing export prices. |
MFS PERSPECTIVE
|
| European Economy
UK activity is strengthening while Germany weakens. |
MFS PERSPECTIVE
|
US Equity
US |
• UNDERWEIGHT • NEUTRAL • OVERWEIGHT
|
MFS CONSIDERATIONS |
LARGE CAP |
|
SMALL/MID CAP |
|
GROWTH |
|
VALUE |
|
Global Developed Equity - Ex US
EUROPE EX UK |
M F S C O N S I D E R A T I O N S |
UK |
M F S C O N S I D E R A T I O N S |
JAPAN |
M F S C O N S I D E R A T I O N S |
Emerging Markets
EM EQUITY |
M F S C O N S I D E R A T I O N S |
EM DEBT - HARD CURRENCY |
M F S C O N S I D E R A T I O N S |
EM DEBT - LOCAL CURRENCY |
M F S C O N S I D E R A T I O N S |
BLANK
Global Fixed Income
• UNDERWEIGHT • NEUTRAL • OVERWEIGHT
USD DURATION |
MFS CONSIDERATIONS |
EURO DURATION * |
M F S C O N S I D E R A T I O N S |
US IG CORP |
M F S C O N S I D E R A T I O N S |
US HIGH YIELD |
M F S C O N S I D E R A T I O N S |
EURO IG CORP |
M F S C O N S I D E R A T I O N S |
EURO HIGH YIELD |
M F S C O N S I D E R A T I O N S |
| US Labour
Slower hiring, not job losses, pushed unemployment up. |
MFS PERSPECTIVE
|
| US Profits
The US corporate sector remains a source of macro strength. |
MFS PERSPECTIVE
|
| Chinese Deflation
Chinese companies are slashing export prices. |
MFS PERSPECTIVE
|
| European Economy
UK activity is strengthening while Germany weakens. |
MFS PERSPECTIVE
|
US |
• UNDERWEIGHT • NEUTRAL • OVERWEIGHT
|
MFS CONSIDERATIONS |
LARGE CAP |
|
SMALL/MID CAP |
|
GROWTH |
|
VALUE |
|
EUROPE EX UK |
M F S C O N S I D E R A T I O N S |
UK |
M F S C O N S I D E R A T I O N S |
JAPAN |
M F S C O N S I D E R A T I O N S |
EM EQUITY |
M F S C O N S I D E R A T I O N S |
EM DEBT - HARD CURRENCY |
M F S C O N S I D E R A T I O N S |
EM DEBT - LOCAL CURRENCY |
M F S C O N S I D E R A T I O N S |
BLANK
• UNDERWEIGHT • NEUTRAL • OVERWEIGHT
USD DURATION |
MFS CONSIDERATIONS |
EURO DURATION * |
M F S C O N S I D E R A T I O N S |
US IG CORP |
M F S C O N S I D E R A T I O N S |
US HIGH YIELD |
M F S C O N S I D E R A T I O N S |
EURO IG CORP |
M F S C O N S I D E R A T I O N S |
EURO HIGH YIELD |
M F S C O N S I D E R A T I O N S |
The views expressed herein are those of the MFS Investment Solutions Group within the MFS distribution unit and may differ from those of MFS portfolio managers and research analysts. These views are subject to change at any time and should not be construed as MFS’ investment advice, as portfolio positioning, as securities recommendations, or as an indication of trading intent on behalf of MFS.
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